$DOGE A recent short liquidation of $3.6356K occurred at $0.34054. This indicates that sellers (short traders) were forced to close their positions, which usually results in a price increase. It shows there might be bullish momentum building up, at least in the short term.
$DOGE Buy Zone, Targets, and Stop-Loss
Here is a simple strategy to consider:
Buy Zone
Look to buy between $0.3100 - $0.3350.
This is a safe zone where price consolidation and potential upward movement may happen.
Targets.
First Target (Short-Term): $0.3550
Second Target (Mid-Term): $0.3800
Third Target (Long-Term): $0.4000
Stop-loss.
Place a stop-loss at $0.2950.
If the price drops below this level, it may indicate a further downtrend.
Key Points to Watch.
1. Volume: Watch trading volume. High volume near the buy zone indicates strong buying interest.
2. Resistance Levels: $0.3550 and $0.3800 are critical resistance levels. Breaking these levels can lead to a strong rally.
3. Market Sentiment: Positive news around Dogecoin or cryptocurrency in general can boost the price.
What Next.
1. If price breaks $0.3550: There could be a quick rally to $0.3800.
2. If price falls below $0.3100: Wait for further dips to re-enter around $0.2800 or lower.
Disclaimer.
This analysis is not financial advice. Always do your research before trading. Cryptocurrency is volatile and carries risks.
Let me know if you need further clarifications.
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