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DOGE

Dogecoin Long Liquidated at $0.237 — Near-term Weakness Likely

I had a $150,000 long in Dogecoin that was liquidated at $0.237.

The forced exit highlights elevated leverage and short-term selling pressure in DOGE, increasing volatility and downside risk around current levels.

I’m stepping back from initiating new longs until price shows clear support and lower leverage returns to the market.

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Analysis

The liquidation indicates concentrated leveraged long exposure and a liquidity event that likely amplified the move lower. Expect heightened volatility and possible further probes of support as deleve...

Recommendation

I recommend avoiding new long positions and reducing leverage; wait for price stabilization and clear support before reconsidering bullish exposure.

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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