🚨 $DOGE Long Liquidation Alert: $8.97K at $0.38332 🚨
Dogecoin ($DOGE) has seen a notable long liquidation of $8.97K at $0.38332. This suggests heavy selling pressure in the current market. Here's a breakdown of what's next and potential trading levels:
Market Analysis
Current Trend: Bearish momentum in the short term.
Liquidity Signal: Long liquidations often hint at panic among buyers, giving opportunities for smarter entries.
Key Levels to Watch
1. Buy Zone: $0.3650 - $0.3700
Look for strong buying support in this range.
Only enter once price stabilizes or shows a reversal sign (e.g., a green candle or bullish divergence).
2. Target Levels:
Target 1: $0.3900 (short-term resistance).
Target 2: $0.4050 (mid-term profit point).
Target 3: $0.4200 (if breakout strength holds).
3. Stop Loss:
Place at $0.3600 (below the buy zone).
This ensures minimal loss in case the market continues downward.
What’s Next for DOGE?
If DOGE rebounds from the buy zone, it could enter a recovery phase targeting the resistance levels above.
A break below $0.3600 could lead to further declines, possibly to $0.3500 or lower.
Trading Tips:
Monitor market news, as sudden tweets or announcements can impact Dogecoin.
Use only 2-3% of your capital per trade to manage risks.
Keep an eye on Bitcoin and Ethereum trends—they often influence altcoins like DOGE.
🚀 Remember, patience is key! Wait for confirmation before entering trades. Stay disciplined and trade wisely!
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