Dogecoin long liquidated at $0.24567 — reassessing risk
I had a DOGE long that was liquidated at an average price of $0.24567. My total exposure on the position was $88,919, managed by bots at @bpay_group.
The position was fully liquidated, so I'm reassessing risk, leverage and stop placement on similar setups.
For now I view this as a sign of short-term weakness and crowded long risk in Dogecoin; I will be cautious before re-entering leveraged longs.
Analysis
Recommendation
Avoid initiating new leveraged longs and reduce exposure until price establishes reliable support and volatility eases; consider exiting or trimming risky positions to protect capital.
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.