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DOGE

Short Squeeze Boost: $81.6K DOGE Short Liquidated at $0.240

I note a $81.6K short on Dogecoin was liquidated at $0.240.

I see this as a short-squeeze signal that increased short-term bullish pressure on DOGE, likely tightening sellers and pushing momentum higher.

I remain cautious about volatility and would watch follow-through above recent resistance before increasing exposure.

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Analysis

The liquidation of an $81.6K short at $0.240 indicates forced covering that can create upward momentum and reduce immediate downside pressure; however, the move can be transient and may attract profit...

Recommendation

Consider a cautious buy on confirmed follow-through above resistance or a measured entry on pullbacks; manage position sizing and set clear stop-loss levels given the heightened 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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