$DOGE Hit Hard: $111K Long Liquidated at $0.313!
A $111K long position on doge has just been liquidated at $0.313, highlighting a sharp shift in momentum as leveraged traders face heavy losses.
Could this mark the start of a deeper correction or an opportunity for savvy traders to pounce?
Key Details:
Liquidation Level: $0.313
Value Liquidated: $111,000
Market Sentiment: Bearish, with traders exiting high-risk positions.
What’s Next for $DOGE?
1. Support Levels to Watch:
Immediate support lies at $0.30.
A breakdown could push prices toward $0.28—a critical level for bulls to defend.
2. Short Setup:
If $DOGE fails to reclaim $0.315, consider short positions targeting $0.30 or lower.
3. Bullish Reversal Signal:
A breakout above $0.32 with strong volume could invalidate the bearish sentiment, signaling a recovery rally.
4. Keep an Eye on Volume:
Liquidations often spark high volatility. Watch for a spike in trading activity to anticipate the next significant move.
The liquidation leaves $DOGE in a volatile position. Will it break down or bounce back stronger?
The next few hours could decide the trend!