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DOGE

Dogecoin Long Liquidated at $0.233 — Short-Term Risk Elevated

I noticed a DOGE long position was liquidated for $55.8K at $0.233. This indicates a sizeable forced exit at that price level.

I think this liquidation highlights short-term weakness and heightened volatility around $0.233. I’m watching for follow-through or a quick recovery that could trap late sellers.

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Analysis

A liquidation of this size at $0.233 suggests forced selling pressure and potential stop-hunting around that level. It increases short-term downside risk and implies traders should expect higher volat...

Recommendation

I recommend caution: reduce leverage, tighten stops, or stay sidelined until price stabilizes above confirmed support. Treat new longs as risky and wait for confirmation of direction.

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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