$DOGE Short Liquidation: $1.4594K at $0.39325
#DOGE has triggered a short liquidation of $1.4594K at $0.39325, signaling a potential shift in momentum as shorts are forced to cover. This event could lead to a strong upward move if buying pressure continues to build.
š Current Price Action: DOGE is holding at $0.39325, and with shorts under pressure, we may see a surge past $0.40. If the buying momentum picks up, the next key resistance could be around $0.42.
ā” Volume Surge: Keep an eye on any increases in volume, as this will confirm whether the bullish momentum is sustainable. A rise in volume could push DOGE further toward the $0.40ā$0.42 zone.
š” Risk Management: Watch for support around $0.39. If the price drops below this level, there could be a pullback, so it's essential to have your stops in place to protect your position.
š Upside Potential: If DOGE breaks above $0.40, we could see it target $0.42, with the potential for even higher moves depending on market sentiment.
The short squeeze is in full effectāstay alert for continued volatility and potential opportunities as DOGE gains momentum!