buy on weakness
Dogecoin Short Liquidation at $0.228 Signals Short-Squeeze — Buy on Weakness
I note a $60.3K short on Dogecoin was liquidated at $0.228, which likely created short-squeeze pressure and upward momentum.
I view this as a bullish micro-event but not definitive — it signals increased buying interest and potential volatility around the $0.228 level.
I’ll watch for follow-through or a retrace to a reliable support before adding exposure, and I would manage risk with a clear stop-loss.
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Analysis
Short liquidation of $60.3K at $0.228 suggests short-covering pushed price up, increasing short-term bullish bias; however, the move may be followed by a pullback, so confirmation via volume and suppo...
Recommendation
Prefer to buy on weakness or after a clear retest of support near $0.228 with volume confirmation; if entering, keep position size controlled and use a stop-loss below the nearest support to limit dow...
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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