Dogecoin long liquidated at $0.225 — $41.2K loss, time to be cautious
I had a long on Dogecoin liquidated — $41.2K closed at $0.225. The move wiped my position and highlights how quickly leverage can turn against you in this market.
I'm stepping back to reassess support levels and my risk management before considering another entry; I won't chase a rebound until price shows clear, sustained strength.
Analysis
The liquidation indicates strong short-term downside pressure and high volatility around $0.225; leveraged longs remain vulnerable until price reclaims higher support and volume confirms a reversal.
Recommendation
I recommend waiting for confirmation of a recovery (clear support and buying volume) and using lower leverage or smaller position sizes; tighten stops and avoid chasing a bounce.
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.