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DOGE

Dogecoin Short Liquidation at $0.232 Signals Short-Covering Momentum

I observed a short liquidation in Dogecoin: roughly $39.3K of short positions were closed at $0.232.

That forced short-covering creates near-term bullish pressure, but its durability depends on follow-through volume and price action.

I will watch for confirmation above recent highs or a clean pullback to proven support before committing capital.

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Analysis

The $39.3K short liquidation at $0.232 points to short-covering and temporary upside momentum; however, without sustained volume and follow-through it can be a transient squeeze rather than a trend sh...

Recommendation

I recommend watching price and volume for confirmation; consider buying only on a confirmed breakout or on weakness to a validated support level rather than chasing the spike.

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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