$DOGE Liquidation Alert: $84.6K Long Position

A hefty $84.6K long position on Dogecoin (DOGE) was liquidated at $0.410, triggering a sharp dip.

This liquidation has sparked increased volatility, and traders are now closely watching for potential further downside.

What’s next for $DOGE ?

• Short-term outlook: With the recent drop, DOGE could test the next support level around $0.40.

A continuation of this downtrend could bring it even lower, so be cautious in the short term.

• Long-term outlook: If $DOGE holds above $0.40 and shows signs of recovery, it might regain strength and push higher again.

A breakthrough past $0.45 would be a bullish sign.

Key levels to watch:

Resistance: $0.45

Support: $0.40

Final thoughts:

Watch for a potential reversal or further dip. Wait for confirmation before re-entering or adding to positions.

Be strategic and trade safely!

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