partial buy
Dogecoin Short Liquidation at $0.238 Signals Bullish Pressure
I note a $131,000 short on Dogecoin was liquidated at $0.238.
I view this as a bullish signal — forced short covering can add upward momentum and potentially spark a short squeeze if volume follows.
I'm cautious: I'll look for follow-through or a retracement before committing larger size.
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Analysis
Liquidation of a sizable short reduces immediate bearish pressure and can drive short-term upside, but it's not definitive without confirming volume and price action above key resistance; monitor orde...
Recommendation
Consider a partial buy or wait for a pullback to scale in; keep position sizes small and use a stop below recent support to manage risk.
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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