Dogecoin short liquidation signals near-term bullish momentum
I noticed a $233K short liquidation in Dogecoin at $0.241, which indicates a short squeeze and immediate bullish pressure on price. I see this as a positive, momentum-driven event rather than a fundamental change.
I would monitor volume and orderflow for confirmation; if buying sustains above $0.24 with expanding volume, I’d consider entering, otherwise I’d wait for a cleaner pullback or setup to manage risk.
Analysis
Recommendation
Consider a cautious buy if price holds above $0.24 with rising volume; use tight stops and size appropriately. If momentum fades, wait for a pullback or clearer setup before committing capital.
Disclaimer
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