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Dogecoin Short Squeeze: $83.4K Liquidated at $0.234 — Monitor for Follow-Through
I saw a $83.4K short liquidation in DOGE at $0.234, suggesting short-covering pushed the price higher around that level.
I view this as a short-term bullish signal but treat it as one data point—I need volume and follow-through to call a sustained trend change.
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Analysis
The $83.4K short liquidation at $0.234 reflects short-covering pressure and can create immediate upside, but it doesn't itself confirm a lasting rally—confirmation requires increased trading volume, s...
Recommendation
Watch price and volume around $0.234; avoid chasing the spike and consider entering on confirmed follow-through or on a disciplined dip/retest instead.
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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