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DOGE

Dogecoin Long Liquidated at $0.219 — Short-Term Selling Pressure

I recorded a significant long liquidation in Dogecoin: $82.9K closed out at $0.219, which indicates stop-losses were triggered around that price.

This liquidation raises short-term selling pressure and could increase volatility as positions unwind and liquidity is sought below that level.

I’m watching price action and orderflow closely; I’m not inclined to chase a new long until I see consolidation or clear support reclaimed.

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Analysis

The liquidation shows realized selling at $0.219 and suggests stops clustered near that area were hit. While one liquidation doesn’t guarantee a trend reversal, it often precedes heightened volatility...

Recommendation

Watch price action and avoid initiating new longs until consolidation or a reclaim of higher levels. If considering an entry, prefer staged/partial buys on confirmed weakness or after a clean retest o...

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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