$DOGE Long Liquidation Alert: $9.7252K at $0.17771!
Dogecoin (DOGE) has experienced a significant long liquidation event, with $9.7252K worth of long positions liquidated at a price of $0.17771. This indicates that traders betting on a price increase were forced to close their positions due to the market moving against them.
What’s Next?
After such a liquidation, DOGE may experience increased volatility. The price could either rebound due to buying pressure or continue to decline if bearish sentiment prevails. Monitoring key support and resistance levels will be crucial to anticipate the next move.
Buy Zone: $0.170 – $0.175 (watch for stabilization in this range)
Target 1: $0.185
Target 2: $0.195
Stop Loss: $0.165 (to manage risk in case of further decline)
It's essential to approach trading with caution during such volatile periods. Ensure you have a solid risk management strategy in place and avoid making impulsive decisions based on short-term market movements.
Stay informed and trade responsibly.
#SaylorBTCPurchase
