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DOGE

Dogecoin Short Squeeze at $0.232 — Bullish Momentum, Watch for Confirmation

I saw $79.1K of Dogecoin shorts liquidated at $0.232, which indicates forced short-covering and short-term bullish pressure around that level.

I interpret this as a momentum signal rather than a guaranteed breakout — it can lead to follow-through if buy volume confirms, or a fade if selling returns.

I would prefer to add exposure only after confirmation above $0.232 or on a clean pullback, using tight risk management given the volatility.

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Analysis

The $79.1K short liquidation at $0.232 reflects forced covering and creates upward pressure, but the move lacks assurance without sustained volume and follow-through; it’s a bullish micro-event that n...

Recommendation

I recommend buying only after confirmation above $0.232 or on a disciplined pullback, keeping position sizes small and stops tight to manage volatility.

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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