$DOGE Liquidation Update
A $224,000 long position was liquidated at $0.414, marking a strong push by sellers to overpower buyers.
This liquidation indicates potential short-term bearish pressure for #Dogecoin .
Market Insights:
• Bearish Sentiment: The liquidation suggests bulls are losing momentum, and sellers are dominating at higher levels.
Key Price Zones to Monitor:
• Support: $0.410 – Holding this level is critical to avoid further decline.
• Resistance: $0.420 – Bulls must reclaim this level to regain control.
Next Step Recommendations:
• For Buyers: Wait for a clear bounce near $0.410 before considering new entries. Watch for signs of recovery with increasing volume.
• For Sellers: A breakdown below $0.410 could be an opportunity to short, targeting $0.400 as the next level.
Pro Tip:
$DOGE often reacts to market sentiment and news.
Stay updated on broader trends to fine-tune your strategy!
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