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DOGE

Dogecoin short liquidation at $0.234 signals short-term bullish pressure

I note a $50.4K Dogecoin short was liquidated at $0.234, indicating forced short-covering at that level.

I view this as a short-term bullish signal but not a standalone reason to chase the market; I’ll look for confirmation from volume and follow-through price action.

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Analysis

Liquidation of a $50.4K short shows short sellers were pressured, creating temporary upward momentum; however, the amount is modest relative to DOGE’s liquidity, so signal strength depends on concurre...

Recommendation

I am watching price and volume for confirmation; avoid chasing the move and consider buying weakness with tight stop-losses if momentum and liquidity validate the move.

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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