Big Liquidation Alert for $DOGE
A massive $1.1176K in shorts just got liquidated at a key price level: $0.33885.
What Happened.
Short sellers betting on $DOGE's decline were caught off guard as the price surged past their liquidation level. This triggered a cascade of liquidations, adding fuel to the bullish momentum.
Why is this Significant.
Liquidations indicate a sudden shift in market sentiment or increased volatility.
A short squeeze like this can propel prices even higher, as bears scramble to cover their positions.
Key Levels to Watch:
1️⃣ Support: $0.33000 – This zone may act as a strong base for buyers.
2️⃣ Resistance: $0.34000 – Bulls need to break this level for further upside potential.
What’s Next.
If $DOGE maintains its momentum, we could see further breakouts.
Traders should stay cautious of a potential pullback due to over-leveraged positions.
Market Insight:
This liquidation showcases the risks of leverage trading and the power of sudden price movements in the cryptocurrency market.
Stay tuned for more updates as $DOGE continues its thrilling ride.
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