Thrilling Update:
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$DOGS Long Liquidation Alert: A massive $15,503 long position was liquidated at $0.00049. This shows strong bearish pressure, with traders betting on a price rise being forced to exit. Here's a simple breakdown and what you should do next:
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Key Details:
1. What Happened:
Long liquidation occurs when the price drops below a critical level, signaling that sellers are in control.
2. Critical Price Levels:
$0.00049: This is now a resistance level.
Support: Watch for strength at $0.00048 or lower, as a further drop may occur.
3. Market Sentiment:
Short-term bearish, but large liquidations like this often create volatility, so a bounce could follow.
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Next Moves:
1. Key Levels to Monitor:
Support: $0.00048 (important for stability).
Resistance: $0.00049 (recent liquidation level).
2. If Holding DOGS:
Set a Stop-Loss: Slightly below $0.00048 to limit further losses.
Hold only if the price stabilizes and starts moving up.
3. If Trading DOGS:
Bearish Plan: If the price breaks below $0.00048, consider shorting cautiously or waiting for a lower entry point.
Bullis