$DOGE Market Update

Long Liquidation Alert!

$11.998K longs liquidated at $0.37616.

This indicates strong selling pressure, forcing buyers to exit their positions.

Key Levels

1. Current Price: $0.37616 (or close).

2. Support: $0.37000 (recent low zone).

3. Resistance: $0.38500 (recent high and psychological barrier).

What It Means

Sellers are in control, creating downward pressure on the price.

If support at $0.37000 holds, a recovery bounce is possible.

A break below support could lead to further declines.

Next Move

1. If You Plan to Buy:

Wait for the price to approach $0.37000 and confirm stability.

Target: $0.38500 (resistance).

Stop-Loss: $0.36500 (to minimize losses).

2. If You Plan to Sell:

Sell near $0.38500 if the price struggles to break higher.

Stop-Loss: $0.39000 (to avoid losses in case of a breakout).

Pro Tip

Monitor volume trends: High buying volume near support could indicate a potential reversal.

Always use a stop-loss to protect your investments and minimize risks.

Stay patient and let the market guide your decisions!

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