🚨 DOGE on the Brink: $76.9K Long Dumped at $0.219 — Volatility Erupts!
Dogecoin ($DOGE/USDT) just triggered a massive $76,900 long liquidation at ~$0.219, sending shockwaves through the meme coin market and igniting fresh volatility.
📊 Current Price: ≈ $0.221
🔼 24H High: ~$0.2328 🔽 24H Low: ~$0.2174
---
🔍 Price Action & Liquidations
DOGE fell hard from the top of the $0.22–$0.23 range, triggering heavy long unwinds.
404-1Over the past 24 hours, approximately $9.2 million in long positions were liquidated, vs. $1.08 million in shorts—a clear bearish flush .
712-0Derivatives data confirms a wider liquidation across exchanges for longs .
828-0Analysts note total liquidations reached ~$52 million recently, with ~$45 million attributed to long positions .
---
📉 Key Levels
Resistance: $0.228–$0.232 zone — previous swing highs and supply cluster.
965-1Support: $0.220 (20‑day EMA / low‑vol confluence), then $0.20 major support zone .
1183-0Trend: Short-term bearish bias; RSI cooling from overbought (~60) .
---
💼 Trade Setups
🔻 Short Setup (Continuation of Breakdown):
Entry: $0.222–$0.224 region
Target 1: $0.215
Target 2: $0.205–$0.200
Stop Loss: Above $0.230
🟢 Long Setup (Bounce from Strong Zone):
Entry: $0.220 area upon support holding
Target 1: $0.228
Target 2: $0.235
Stop Loss: Below $0.217
---
💡 Pro Tip:
Liquidation spikes are often stress tests—areas where over-leveraged bulls capitulate. If buyers defend $0.220–$0.217 on heavy volume, this could be a false breakdown and a reversal opportunity. Always align trades with liquidation clusters and EMA-based support to manage risk.
---
📣 How will you play DOGE next? Is $0.217 a bargain dip entry, or a setup for deeper decline?
💬 Share your strategy—tag fellow traders and let’s break down DOGE's key levels together! #DOGE #Dogecoin #CryptoTrading #Liquidations
