🔥 $DOGE Short Liquidation Alert! 🔥
A huge $8.352K short liquidation just occurred at $0.38955 for Dogecoin (DOGE).
This indicates strong bullish momentum, as short positions are being liquidated, and the price could rise further. Let’s break it down!
Market Overview
Liquidation Level: $0.38955
Trend: Bullish, with a potential upward move.
Volume: Strong, signaling further buying pressure.
$DOGE Trading Plan
1️⃣ Buy Zone:
Look to buy between $0.380 - $0.390. This range shows solid support after the liquidation.
2️⃣ Targets:
Target 1: $0.420 (Initial resistance level)
Target 2: $0.450 (Breakout target if momentum holds)
Target 3: $0.480 (Aggressive upside target)
3️⃣ Stop Loss:
Set a stop loss at $0.370 to protect your position if the market turns against you.
Why This Setup Makes Sense:
Short liquidations can lead to fast upward price movements due to forced buying.
DOGE is near key support levels, making it a low-risk, high-reward opportunity.
Bullish momentum suggests further upside potential.
🚀 Pro Tip:
Keep an eye on the overall market. If BTC or ETH rally, $DOGE could see even stronger gains.
Disclaimer: This is not financial advice. Always DYOR (Do Your Own Research).
Ready to ride the wave! Let me know if you need more updates!
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