$DOGE has been stuck between 0.0711 and 0.0731 on the 4h closes for two days, and right now it's at 0.0721 doing nothing. But the order book on the NanoTrading Fire chart is lopsided in a way I don't see often.
Below price the heatmap is thin: tiny bands at 0.0718, 0.0714 and 0.0710, each around $0.5-1.4M. Above, the liquidity gets heavy: ~$16M at 0.0737, ~$9M at 0.0754 and the big one, ~$27.9M at 0.0775. The liquidation radar's nearest clusters are tight on both sides: ~$3.5M of shorts at 0.0724 and ~$2.9M of longs at 0.0718.
Positioning is crowded long. Global accounts long/short 2.64, top traders even more at 3.04, funding +0.0045% and OI flat around $177-183M. With almost nothing underneath, a flush toward 0.0706 wouldn't need much.
My take: I'm not longing $DOGE inside this range. I want a 4h close over 0.0737 to aim for 0.0775, or a sweep under 0.0710 that gets bought back quickly đ¶
Does thin support below make you more cautious, or is DOGE just coiling for a move?
Source: NanoTrading Fire chart + Liquidation Radar (nanotradingclub.xyz)
NFA, just my read.
#DOGE #Dogecoin #NanoTrading #crypto
Below price the heatmap is thin: tiny bands at 0.0718, 0.0714 and 0.0710, each around $0.5-1.4M. Above, the liquidity gets heavy: ~$16M at 0.0737, ~$9M at 0.0754 and the big one, ~$27.9M at 0.0775. The liquidation radar's nearest clusters are tight on both sides: ~$3.5M of shorts at 0.0724 and ~$2.9M of longs at 0.0718.
Positioning is crowded long. Global accounts long/short 2.64, top traders even more at 3.04, funding +0.0045% and OI flat around $177-183M. With almost nothing underneath, a flush toward 0.0706 wouldn't need much.
My take: I'm not longing $DOGE inside this range. I want a 4h close over 0.0737 to aim for 0.0775, or a sweep under 0.0710 that gets bought back quickly đ¶
Does thin support below make you more cautious, or is DOGE just coiling for a move?
Source: NanoTrading Fire chart + Liquidation Radar (nanotradingclub.xyz)
NFA, just my read.
#DOGE #Dogecoin #NanoTrading #crypto
