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DOGE

Dogecoin Long Liquidated at $0.246 — Short-Term Weakness

I recorded a Dogecoin long liquidation of $88.9K at $0.246, which removed leveraged long exposure at that price.

I view this as a sign of short-term weakness and heightened volatility around the $0.246 area, possibly from stop-hunting or a breakdown of nearby support.

I'm cautious — I wouldn't initiate fresh longs here and would prefer to wait for clear support or a lower-risk re-entry with tight stops.

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Analysis

A sizable long liquidation indicates selling pressure and likely higher volatility; it can reflect forced deleveraging or a loss of nearby support, so monitor volume, funding rates and orderbook depth...

Recommendation

Avoid opening new long positions for now; reduce exposure or use very tight risk controls and wait for confirmed support or a clear reversal signal 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.

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