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DOGE

Dogecoin Long Liquidated $58.7K at $0.231 — Short-Term Pressure

I note a Dogecoin long was liquidated for $58.7K at $0.231, signaling a forced exit by leveraged longs at that price.

This liquidation heightens short-term selling pressure and increases volatility around the $0.231 level.

I will monitor order flow and support tests before taking new long exposure; avoid buying into the immediate chop without clear stabilization.

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Analysis

A $58.7K long liquidation at $0.231 suggests stop-loss cascades and momentum favoring sellers in the short term, increasing the likelihood of further volatile moves until clear support is re-establish...

Recommendation

Watch price and volume closely; refrain from initiating new long positions until price shows sustained recovery or support holds, and size trades with tight risk controls.

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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