Dogecoin short liquidated at $0.240 — short squeeze signals near-term bullishness

I see a $81,600 short position on Dogecoin was liquidated at $0.240. The liquidation indicates short-covering at that price level and puts upward pressure on DOGE in the near term.

I view this as a sign of bullish momentum driven by a short squeeze, but it is one event and needs confirmation from follow-through volume and price action above nearby resistance.

I will monitor the next sessions for confirmation; if momentum continues I may consider a measured entry, otherwise I will wait for a clearer setup or a pullback to manage risk.