🚨 $DOGE Short Liquidation Alert: $4.77K at $0.23131
A significant short liquidation of $4.77K occurred at $0.23131, indicating that bearish positions are being squeezed. This often signals a potential bullish reversal as short sellers exit their positions.
Market Overview:
Current Price: $0.2308
24h Range: $0.2252 – $0.2577
Open Interest: $2.52B, the highest since mid-February
Recent Liquidations: Over $13M in shorts liquidated as DOGE surpassed $0.20
Technical Analysis:
Buy Zone: $0.225 – $0.230
Target 1: $0.245
Target 2: $0.265
Stop Loss: $0.219
The recent price action suggests a bullish trend, with DOGE breaking above key resistance levels. A sustained move above $0.2346 could trigger further short liquidations, potentially propelling the price toward $0.31 .
Recommendation:
Monitor for a bullish confirmation, such as a strong candle close above $0.2346 or increased trading volume. Ensure proper risk management by setting a stop loss at $0.219. If the bullish momentum continues, consider taking partial profits at the specified target levels.
*Note: Always conduct your own research and consider your risk tolerance before making trading decisions.*
