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DOGE

Dogecoin $79K Short Liquidation at $0.232 Points to Short-Covering

I noticed a $79.1K short position in Dogecoin was liquidated at $0.232. That forced-covering suggests immediate upward pressure as bearish bets were removed.

I see this as a near-term bullish signal but not a full trend confirmation — I want to see follow-through volume and price action before increasing exposure.

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Analysis

A significant short liquidation at $0.232 reduces downside pressure and can trigger additional short-covering and momentum buying. Confirmation requires sustained price action above that level and ris...

Recommendation

Consider a cautious buy if price confirms above $0.232 with volume, or look to buy on a clean retracement to nearby support while using a tight stop to limit risk.

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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