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Massive Short Liquidation on $DOGE
The Dogecoin market just witnessed a $1.6424K short liquidation at the critical price of $0.38695. This event reflects a sudden surge in buying pressure, catching bearish traders off-guard. Short sellers betting against DOGE at this level faced intense momentum as buyers took control, pushing the price upwards.
What’s Happening.
Short liquidations occur when traders betting on a price drop (short sellers) are forced to close their positions due to rising prices. This creates a snowball effect, adding further upward pressure. The recent liquidation signifies a strong rejection of lower levels, possibly marking a turning point for $DOGE trajectory.
What’s Next for DOGE?
Key Levels to Watch:
Immediate Resistance: $0.40
Support Zone: $0.35
Potential Breakout Target: $0.45
Traders, Beware.
If the buying momentum continues, we could see more short liquidations, fueling further price action. But volatility is high, so manage your positions carefully.
Is the moon next for $DOGE . Stay tuned as the meme coin moves in style.
#DOGE/USDT #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #SolvProtocolMegadrop
The Dogecoin market just witnessed a $1.6424K short liquidation at the critical price of $0.38695. This event reflects a sudden surge in buying pressure, catching bearish traders off-guard. Short sellers betting against DOGE at this level faced intense momentum as buyers took control, pushing the price upwards.
What’s Happening.
Short liquidations occur when traders betting on a price drop (short sellers) are forced to close their positions due to rising prices. This creates a snowball effect, adding further upward pressure. The recent liquidation signifies a strong rejection of lower levels, possibly marking a turning point for $DOGE trajectory.
What’s Next for DOGE?
Key Levels to Watch:
Immediate Resistance: $0.40
Support Zone: $0.35
Potential Breakout Target: $0.45
Traders, Beware.
If the buying momentum continues, we could see more short liquidations, fueling further price action. But volatility is high, so manage your positions carefully.
Is the moon next for $DOGE . Stay tuned as the meme coin moves in style.
#DOGE/USDT #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #SolvProtocolMegadrop
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
DOGE
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