Market Jolt: $DOGE Long Liquidation Sends Shockwaves!
A major long liquidation of $3.1703K at $0.33403 has rattled the $DOGE market, signaling a bearish tilt and raising concerns over further downside risk.
Key Details:
Liquidation Amount: $3.1703K
Liquidation Price: $0.33403
Market Sentiment: Bearish, with selling pressure intensifying.
Next Move:
1. Support Zone: Watch for potential stabilization near $0.3300, a critical support level. If this breaks, the next target is $0.3250.
2. Resistance Levels: A recovery attempt could face stiff resistance at $0.3400.
3. Momentum Check: Pay attention to trading volume; increased activity could signal a breakout or continuation of the downward trend.
Suggested Stop Loss:
For Longs: Set a stop loss below $0.3300 to limit downside exposure.
For Shorts: Tighten stops above $0.3400 to secure gains in case of a rebound.
The $DOGE market is in a critical phase—traders should brace for sharp moves as liquidation sparks heightened volatility.
