Urgent Notice: When Dogecoin was at $0.32292, a short position worth $6.1242K was forcefully closed. This means that investors who were bearish on Dogecoin had to sell quickly, otherwise they would suffer huge losses. Will this be a reversal signal for Dogecoin? Let’s take a deep dive and see what major events will happen next!
What happened to Dogecoin? Market analysis here: Short positions have been closed, indicating that buyers have begun to actively intervene and try to push the price higher. If this force can continue, Dogecoin is likely to see a breakout. The trend has changed: Dogecoin price volatility has increased, and if buyers can withstand the pressure, the probability of an increase will increase significantly.
——Focus trading here.
Good Buying Opportunity: In the range of $0.310 to $0.320, consider buying Dogecoin. Now that Dogecoin is adjusting, this price is a very good one to start. Price Target: The first target is $0.340, if the buying is strong and the price rises quickly, the second target is $0.360. Stop Loss Setup: If the price drops to $0.300, you should sell quickly to avoid losses.
- Trading strategy
If Dogecoin volume increases significantly and it succeeds in breaking through $0.330, it is likely to rise to $0.360. But if it drops below $0.310, be careful, the momentum may not be good.