A significant short position of $50,700 in Dogecoin $DOGE was liquidated at $0.315, indicating a strong upward price movement.

Support and Resistance Levels:

Support: $0.3080, then $0.3000

Resistance: $0.3165, then $0.3250

Recommendation:

Given the recent $DOGE upward movement and the current price near $0.3136, traders should monitor the resistance at $0.3165 closely.

A break above this level could signal a buying opportunity, targeting the next resistance at $0.3250.

Conversely, if the price fails to surpass $0.3165 and falls below the support at $0.3080, it may be prudent to consider selling or avoiding new long positions.

Always conduct your own research and assess your risk tolerance before making trading decisions.

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$DOGE