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DOGE

Dogecoin $79.1K Short Liquidation at $0.232 — Short-Covering Signal

I noted a $79.1K short liquidation in Dogecoin at $0.232, indicating short-covering at that level.

This event suggests transient bullish pressure, but it is a single liquidation and not definitive proof of a sustained reversal.

I will monitor follow-through volume, nearby support around $0.232, and broader market context before increasing exposure.

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Analysis

The $79.1K short squeeze at $0.232 reflects forced short-covering that can produce a short-term upward move; however, without accompanying strong volume or trend confirmation, it remains a limited, is...

Recommendation

Watch price and volume for confirmation; consider a cautious buy on a pullback if support holds, otherwise wait for clearer trend confirmation.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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