Dogecoin Long Liquidated at $0.231 — Leverage Risk
I was long DOGE and was liquidated for $58.7K at $0.231.
The liquidation shows my leverage and position size were too aggressive against volatile price action.
I will step back, review risk controls, and avoid re-entering until there is a clearer, lower-risk setup.
Analysis
The liquidation likely stemmed from excessive leverage or tight stops in a choppy market, signaling weak near-term support and the need to re-evaluate entry timing and risk management.
Recommendation
Reduce leverage, shrink position sizes, use defined stop losses, and wait for clearer bullish confirmation or a lower-risk entry before buying DOGE again.
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.