Dogecoin Short Squeeze Alert!
A $73.9K short position has been liquidated at $0.413, as $DOGE bulls force a strong upward push.
This event suggests sellers are being overpowered, which could spark heightened volatility in the coming hours.
• Key Takeaways:
This liquidation indicates rising buying pressure, with momentum building toward higher levels.
The bulls might now target critical resistance zones, aiming to sustain this rally.
Potential Moves:
• Bullish case: If DOGE clears $0.418, the price could ascend rapidly to test $0.425 or beyond.
• Bearish scenario: A drop below $0.408 may result in a temporary cooldown toward $0.40.
Trading Plan:
• For buyers: Look for pullbacks to $0.410-$0.412 as potential entry zones, keeping a stop-loss just below $0.405.
• For sellers: Only consider short positions if price gets rejected near $0.418-$0.42.
Dogecoin is heating up—stay sharp and ride the wave strategically!
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