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DOGE

Large DOGE Long Liquidated at $0.217 — Expect Near-Term Downside

I noticed a substantial DOGE long position of $88.4K was liquidated at $0.217.

This indicates short-term selling pressure around that level and increases the risk of further downside and volatility.

I'll be cautious and prefer reducing exposure until price confirms stable support above $0.217.

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Analysis

Liquidation of a large long at $0.217 suggests sellers overwhelmed buyers at that price, likely triggering stop cascades and raising the chance of further volatility; monitor for clear support or a re...

Recommendation

I recommend reducing or selling exposure and waiting for confirmed support or a clean reversal signal before initiating new longs; avoid buying into weakness near $0.217.

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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