$DOGE Rockets Past Shorts: $1.1733K Liquidated at $0.31815!
The meme coin strikes back! $1,173.3K worth of $DOGE shorts were obliterated at $0.31815, signaling a sudden shift in momentum.
This sharp liquidation underscores that DOGE's bulls are back in the game, catching bearish traders by surprise.
Why It Matters:
The liquidation indicates a potential breakout above the $0.318 resistance zone, likely fueled by increased buying pressure and whale activity.
DOGE's price movement often leads to high volatility, making it a trader's paradise—but also a risk-laden minefield.
Next Move:
1. For Bulls: Watch for confirmation of the breakout. If DOGE holds above $0.31815, the next targets could be $0.35 or higher. Look for momentum-driven entries.
2. For Bears: Consider waiting for a potential rejection around key resistance levels before re-entering short positions.
3. For All Traders: Use tight stop-losses and monitor volume closely—this could be the start of a larger trend shift.
Key Takeaway:
$DOGE upward momentum might just be the beginning of another explosive rally.
Stay sharp, and trade with a plan!