There’s big news in the crypto market again!
Dogecoin $DOGE had a big short loss of 6.1242K USD when the price was 0.32292 USD, and as a result, a big player was forced to sell their Dogecoin.
This is like saying that those who bet on Dogecoin to drop are now in a hurry to sell, or else they will face severe losses. Will this cause Dogecoin’s price to rebound? Let’s take a look together and guess what big moves are coming next!
First, let’s talk about what’s going on with Dogecoin: a short position was liquidated, meaning someone started to think Dogecoin could go up, so they wanted to buy in to push up the price. If this buying pressure continues to be strong, Dogecoin might just break out.
Currently, Dogecoin’s price is fluctuating quite a bit; if buyers can withstand this pressure, Dogecoin’s price might start to soar.
Speaking of trading, now is a good time: the price is between 0.310 USD and 0.320 USD, which is quite a bargain to buy in. Dogecoin is adjusting right now, so it’s a good time to enter.
Let’s set a target price: the first small target is 0.340 USD. If more people buy in quickly, the second target will be 0.360 USD. However, if the price drops to 0.300 USD, then it’s time to sell quickly to avoid losses.
The trading strategy is as follows: if Dogecoin’s trading volume suddenly surges and breaks through 0.330 USD, it might be able to rise all the way to 0.360 USD. But if the price drops below 0.310 USD, then something is off, and caution is needed.
Lastly, a reminder: the crypto market is quite volatile, with prices fluctuating unpredictably. So, make sure to manage your risks, study price trends carefully, and don’t get carried away by borrowing too much money to trade coins. Stick to your own strategy and don’t follow others blindly!
For the upcoming layout direction, I will lead everyone to aim for lucrative opportunities in altcoins, especially those with great potential; an expected growth of 10 times or more is quite possible. If you want to make big money in a bull market, give a thumbs up + leave a message, and I’ll take you through the entire bull market.
