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DOGE

Dogecoin Long Liquidation at $0.231 Signals Short-Term Weakness

I just noted a $58.7K long in DOGE was liquidated at $0.231. That size suggests meaningful short-term selling pressure and potential stop-run activity around that level.

I view this as a warning for new longs until price shows a clear recovery or reclaims nearby support. I will watch for follow-through lower or a quick rebound that covers the liquidation zone.

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Analysis

The large long liquidation at $0.231 likely added downward momentum and may trigger further selling or volatility near current levels. Without clear bounce or volume-supported recovery, downside risk ...

Recommendation

I recommend avoiding fresh long entries and monitoring for confirmation of support or a reclaim of the liquidation zone before buying; consider trimming exposure if already long.

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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