$DOGE has been chopping around 0.079 for two days after getting rejected at 0.0838 and dumping to 0.0778. Price is sitting right under the 4h volume POC at about 0.0796 on the NanoTrading Fire chart, with the value area low at 0.0782. So it's basically parked in the middle of nowhere, but the map around it isn't empty.
Liquidation map shows roughly $120M of shorts stacked just above price around 0.080, and about $63M of longs sitting right under it near 0.0790. Order book side, the heavier liquidity blocks are way up near 0.088 and 0.095, which lines up with the value area high at 0.0890.
What bugs me is positioning. On Binance futures, 72% of accounts are long (L/S 2.52) and top traders are about 76% long, funding is 0.01%, and OI has drifted from about $220M to $215M over the last day. Everyone's already long and nobody's adding.
My read: that long pocket under 0.079 gets tagged first, maybe a wick into 0.0782. If it holds and reclaims 0.0796, the $120M short stack at 0.080 is the obvious magnet. Lose 0.0778 on a 4h close and I'm not interested 🤷
NFA, just reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$DOGE #DOGE #Dogecoin #NanoTrading
Liquidation map shows roughly $120M of shorts stacked just above price around 0.080, and about $63M of longs sitting right under it near 0.0790. Order book side, the heavier liquidity blocks are way up near 0.088 and 0.095, which lines up with the value area high at 0.0890.
What bugs me is positioning. On Binance futures, 72% of accounts are long (L/S 2.52) and top traders are about 76% long, funding is 0.01%, and OI has drifted from about $220M to $215M over the last day. Everyone's already long and nobody's adding.
My read: that long pocket under 0.079 gets tagged first, maybe a wick into 0.0782. If it holds and reclaims 0.0796, the $120M short stack at 0.080 is the obvious magnet. Lose 0.0778 on a 4h close and I'm not interested 🤷
NFA, just reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$DOGE #DOGE #Dogecoin #NanoTrading