So guys, let me explain why I believed $DOOD still had more room to move higher. đ
A few hours ago, when $DOOD was already up around 90%, I said the move might not be over yet.
$DOOD A lot of people replied to my post saying, âItâs going to be dumb.â
Well⊠some of those traders may have ended up getting liquidated, while members of my community who took long positions had an opportunity to profit from the move. đ
So why was I bullish?
First whale activity. đ
I noticed large orders and repeated buying activity around $DOOD, while visible sell pressure remained relatively limited. That immediately caught my attention.
But the bigger signal was market psychology. đ§
After a token pumps 90%, the natural reaction is:
âIt has already pumped so much. A dump must be coming!â
That mindset pushed many traders toward short positions. Our data showed roughly 65% of traders were positioned short.
And thatâs where things get interesting.
When too many traders are positioned for a dump, the market can sometimes move in the opposite direction.
If the price keeps climbing, short sellers are forced to close their positions. Those liquidations can create additional buying pressure which can push the price even higher. đ„
And thatâs exactly the kind of setup we saw with $DOOD .
While many traders were waiting for the dump, kept pushing higher.
The lesson? đ
Never short a strong trend simply because a token has already pumped a lot.
It goes +100% â you short.
It goes +200% â you get liquidated.
Then you think, âSurely it canât go any higher now.â
So you short again⊠and it keeps pumping. đ
Instead of trying to blindly predict the top, study the data, understand market psychology, and wait for confirmation.
When momentum is extremely strong, look for potential opportunities instead of forcing a short just because the chart looks âtoo high.â
Of course, no trend lasts forever. A major correction can happen at any time.
But for $DOOD, the data and positioning were giving me reasons to stay bullish.
A few hours ago, when $DOOD was already up around 90%, I said the move might not be over yet.
$DOOD A lot of people replied to my post saying, âItâs going to be dumb.â
Well⊠some of those traders may have ended up getting liquidated, while members of my community who took long positions had an opportunity to profit from the move. đ
So why was I bullish?
First whale activity. đ
I noticed large orders and repeated buying activity around $DOOD, while visible sell pressure remained relatively limited. That immediately caught my attention.
But the bigger signal was market psychology. đ§
After a token pumps 90%, the natural reaction is:
âIt has already pumped so much. A dump must be coming!â
That mindset pushed many traders toward short positions. Our data showed roughly 65% of traders were positioned short.
And thatâs where things get interesting.
When too many traders are positioned for a dump, the market can sometimes move in the opposite direction.
If the price keeps climbing, short sellers are forced to close their positions. Those liquidations can create additional buying pressure which can push the price even higher. đ„
And thatâs exactly the kind of setup we saw with $DOOD .
While many traders were waiting for the dump, kept pushing higher.
The lesson? đ
Never short a strong trend simply because a token has already pumped a lot.
It goes +100% â you short.
It goes +200% â you get liquidated.
Then you think, âSurely it canât go any higher now.â
So you short again⊠and it keeps pumping. đ
Instead of trying to blindly predict the top, study the data, understand market psychology, and wait for confirmation.
When momentum is extremely strong, look for potential opportunities instead of forcing a short just because the chart looks âtoo high.â
Of course, no trend lasts forever. A major correction can happen at any time.
But for $DOOD, the data and positioning were giving me reasons to stay bullish.
