Dogecoin Short Liquidation at $0.228 Signals Short-Squeeze Upside
I note that $60.3K of Dogecoin short positions were liquidated at $0.228, which points to short-squeeze dynamics and short-term bullish pressure.
I view this as a reduction in immediate downside risk, though the liquidation size is modest relative to overall DOGE liquidity and may not sustain a long rally without follow-through volume.
I will monitor price action around $0.228–$0.24 and prefer scaled entries or buying on confirmed continuation rather than chasing a one-off spike.
Analysis
Recommendation
Consider a cautious buy on confirmed follow-through above $0.24 or buy on weakness with tight stops below $0.228; avoid chasing without volume confirmation.
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.