buy

Dogecoin Short Squeeze: $79K Liquidated at $0.232 — Short-Term Bullish

I saw a $79.1K short liquidation on Dogecoin at $0.232, which looks like a short squeeze that removed some bearish pressure.

I view this as a near-term bullish impulse, but it can be followed by volatility and profit-taking.

I remain cautiously optimistic and will wait for volume-backed follow-through before committing heavily.

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Analysis

The $79.1K short liquidation likely forced short-covering and temporarily reduced downside pressure. Such events can spark short-term rallies, but a single liquidation without sustained volume or high...

Recommendation

Consider a cautious buy only after seeing follow-through with increased volume and price confirmation; otherwise wait for a clearer setup or a disciplined pullback entry.

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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