$DOGS Short Liquidation Alert.

Liquidation Worth: $7,517.9

Price Level: $0.0005347

The bears just took a massive hit! As rallied to the $0.00053 level, shorts worth $7,517.9 were wiped out in a liquidation frenzy. This marks a significant moment in the market, highlighting the volatile nature of $DOGS and the risks traders face when betting against momentum.

What Does This Mean.

1. Strong Buy Pressure: The liquidation suggests a surge in buying activity as $DOGS gained strength, triggering stop losses and liquidating leveraged short positions.

2. Market Sentiment Shift: This could signal a potential bullish phase for $DOGS, as short liquidations often lead to further upward momentum due to forced buying (short squeeze).

3. Key Level to Watch: $0.00053 now becomes a critical support zone. If bulls maintain this level, the next targets could be $0.00060 and beyond.

Traders, What’s Next.

For Bulls: Look for breakouts above $0.00053 and consider adding positions if the momentum continues. Potential targets could be $0.00060 and $0.00068.

For Bears: Watch for a rejection at $0.00055-$0.00057. If selling pressure increases, we might see a retest of $0.00050.

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