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DOGE

Dogecoin Short Liquidation at $0.234 — Watch for Follow-Through

I noticed a $83.4K short in Dogecoin was liquidated at $0.234. That liquidation points to short-covering at that level and created a burst of upward pressure.

While this is a bullish micro-event, it's a single liquidity grab — I want to see follow-through with volume and clean price action before increasing exposure.

I'll watch nearby support and resistance; I may take a small tactical entry on a confirmed breakout or add on weakness near proven support with tight stops.

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Analysis

The $83.4K short liquidation at $0.234 suggests short-covering and transient bullish momentum, but it's one-off liquidity removal rather than sustained trend change. Confirming volume and subsequent h...

Recommendation

Watch price and volume for confirmation. Consider a small position on a confirmed breakout or buy on weakness near support with strict risk management; avoid committing large size solely on this liqui...

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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