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DOGE

Dogecoin short liquidation signals short squeeze at $0.234

I note a DOGE short liquidation of $50.4K executed at $0.234 — a bullish micro-event that likely removed short pressure and produced an upward tick.

I view this as a short-squeeze indicator rather than a standalone directional guarantee; follow-through depends on trading volume and nearby resistance around $0.24–0.26.

I remain cautious: the liquidation increases short-covering momentum but I want confirmation from sustained buying or clear support before increasing exposure.

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Analysis

The $50.4K short liquidation at $0.234 likely removed immediate downside pressure and caused short-covering-driven upside; without higher volume and trend confirmation this is likely a transient bulli...

Recommendation

Watch price and volume for follow-through; consider buying on confirmed continuation or buying on weakness near reliable support, and keep position size limited due to event-driven 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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