$DOGE Short Liquidation Eruption! Bulls Take Control!
A substantial $5,861.8 worth of DOGE shorts were liquidated at $0.34007, igniting bullish momentum and sparking intense market interest.
This liquidation reflects growing buying pressure and could signal the start of a significant upward move.
Key Details:
Liquidation Amount: $5,861.8
Liquidation Price: $0.34007
Market Context: Liquidations at this level reveal that bearish sentiment is weakening as buyers dominate.
Momentum favors a potential breakout.
Next Move:
For Bulls (Long Traders): Watch for a breakout above $0.345 to target higher resistance at $0.35 or $0.37.
Consider entering on dips near $0.34, but ensure volume supports the move.
For Bears (Short Traders): Wait for rejection at critical resistance levels like $0.345–$0.35 before entering new short positions.
Bearish setups are currently high-risk due to upward pressure.
Stop-Loss Suggestions:
For Longs: Set a stop-loss near $0.33 to protect against a sudden reversal.
For Shorts: Use a stop-loss above $0.355 to limit potential losses if the bullish breakout gains traction.
$DOGE is surging—momentum is heating up, and a decisive move could be imminent!
Watch closely for the next big move.