Shockwave: $DOGE Long Liquidation Signals Bearish Pressure
A $1,126.9 long position was liquidated at $0.39387, reflecting increased selling momentum and a shift in market dynamics.
This liquidation shows bulls losing ground as sellers take control of $DOGE price action.
Key Details:
1. Liquidation Level: $0.39387
2. Amount Liquidated: $1,126.9
3. Market Sentiment: Bearish, with intensified downward pressure.
Next Move:
Support Level: $0.385 – Critical for bulls to defend; a breakdown could lead to deeper losses.
Resistance Level: $0.405 – A recovery above this level is crucial for reversing the bearish trend.
Suggested Stop-Loss Strategy:
For Longs: Place a stop-loss below $0.385 to manage risks if selling pressure continues.
For Shorts: Use $0.405 as a stop-loss to lock in gains if prices bounce back.
$DOGE traders, brace for action—this volatile phase could set the tone for the next big move!