$DOGE Long Liquidation Alert!
A $5.79K long position was liquidated at $0.32134, showing strong selling pressure and a possible shift toward a bearish trend.
However, this could also create new trading opportunities for sharp traders.
Market Insights:
1. Bearish Pressure: Liquidation reflects weakness in buying strength, indicating potential further downside.
2. Support Levels: Immediate support is at $0.3150, with stronger support at $0.3100.
3. Resistance Levels: Recovery might face resistance at $0.3250 and $0.3300.
Trading Plan:
Buy Zone:
$0.3150–$0.3100: Look for price stability or signs of reversal in this range.
Targets:
Target 1: $0.3250 (short-term bounce).
Target 2: $0.3300 (if bullish momentum builds).
Stop Loss:
Set a stop-loss at $0.3050 to limit downside risk.
Pro Tips:$DOGE
For Long Traders: Enter only if the price shows stability above $0.3150 with strong volume.
For Short Traders: If the price breaks below $0.3100, consider shorting with a target of $0.3000 and a stop-loss at $0.3150.
Stay patient, manage your risk, and let the market show its next move. Smart trading wins the game!
