Long liquidation of $235K at the level of $0.412 for DOGE/USDT $DOGE
📊 Liquidation Analysis
Total liquidation:
The liquidated amount of $235K indicates a significant position with high leverage. Traders likely expected a price increase, but the decline led to the liquidation of their positions.
Price level:
The level of $0.412 may be an important support zone that has been breached. This also signals increased trader interest at this level.
DOGE Market:
The liquidation volume at this level may indicate current selling pressure. The chart confirms a consolidation zone with further decline.
🔥 Current situation on the chart
The provided heatmap chart shows areas of liquidation clustering (bright yellow lines), which coincide with key price levels.
After liquidation at the level of $0.412, a slight recovery is visible. This may be related to the closing of short positions.
📈 What to expect?
If the price holds above $0.412:
A local recovery is possible. The nearest resistance is visible at the level of $0.42–$0.43, where liquidations are also noted.
If selling pressure intensifies:
A test of lower levels, such as $0.40, is possible, where a cluster of stop-losses and liquidations is also expected.
Recommendations:
Monitor the volumes and retests of the $0.412 zone.
Consider the liquidation data and price behavior at $0.40 as a possible indicator of the next move.