Dogecoin Long Liquidated at $0.228 — Avoid Buying Until Support Holds
I was liquidated on a Dogecoin long: a $108,000 position closed at $0.228. The move erased my exposure quickly and underlines DOGE’s acute intraday volatility.
My takeaway is that the position was oversized for the price action and stops were insufficiently tight. I’m stepping back from initiating new longs until I see clearer support or reduced volatility.
Analysis
Recommendation
Don’t buy now — reduce leverage, tighten stops, and wait for confirmed support or a momentum shift before re-entering.
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.