Dogecoin Short Squeeze: $144K Liquidated at $0.235
I noticed a $144,000 short position on Dogecoin was liquidated at $0.235, which triggered short-covering and a price impulse.
I view this as a near-term bullish signal but not proof of a sustained uptrend — follow-through volume and support hold are required.
I’ll watch price action and prefer buying on weakness or using small positions with tight risk management if I enter now.
Analysis
Recommendation
Prefer buying on weakness or waiting for clear follow-through; use conservative sizing and place stop-losses below recent support to manage the risk of a snapback.
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.