Here’s a thrilling update for $DOGE with a complete and simple trading setup:
$DOGE Short Liquidation Alert
A short position worth $29.4K was liquidated at $0.319.
This shows strong buying pressure, as sellers were forced out of the market.
What’s Next?
After this liquidation, $DOGE might continue its upward movement or briefly consolidate. Let’s prepare a smart trading plan:
Buy Zone:
$0.305 - $0.315
This is the ideal support area for entering a trade. Look for confirmation like bullish candles or rising volume before buying.
Targets:
1. Short-Term Target: $0.330
This is the first resistance zone. Take partial profits here.
2. Mid-Term Target: $0.350
Momentum could carry #DOGE to this key level.
3. Long-Term Target: $0.380
A strong breakout might push prices to this major resistance.
Stop Loss:
Place your stop-loss at $0.298.
This protects your trade in case of a sudden price reversal.
Key Tips:
1. Volume is Key: Rising volume near the buy zone confirms bullish strength.
2. Market Sentiment: Keep an eye on broader market trends and news about DOGE or major cryptocurrencies.
3. Risk Management: Always risk only 1-2% of your portfolio per trade to minimize losses.
Stay disciplined and follow the plan for consistent results!
This is for informational purposes only. Always DYOR before making trading decisions.
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