$DOGE broke the floor I kept calling safe — and the longs paid $7.8M for it.
The $0.06659 low from 10 Nov is gone — DOGE wicked to $0.06301 today, sits at $0.06559, still under the broken floor, while $BTC's $67,568 low holds.
I was wrong about $0.06659 holding. The $0.069 reclaim failed first, then this floor went with it.
The chart won't show you this: $7.8M of DOGE liquidations in 24h were 96% longs (CoinPerps). Open interest fell 4.76% to $898M — longs unwinding, not new shorts. Funding still positive at +0.0063% per 8h (Swolecharts) — longs still pay to hold a broken floor.
Leaning bearish while $0.06659 caps it. Reclaim it into the close and it was a wick, $0.069 back on the table. Lose $0.06301 and the round $0.060 is next.
Do you buy the $0.06301 dip, or wait for the $0.06659 reclaim?
Not financial advice. DYOR.
#DOGE #MemeCoins #CryptoMarket
The $0.06659 low from 10 Nov is gone — DOGE wicked to $0.06301 today, sits at $0.06559, still under the broken floor, while $BTC's $67,568 low holds.
I was wrong about $0.06659 holding. The $0.069 reclaim failed first, then this floor went with it.
The chart won't show you this: $7.8M of DOGE liquidations in 24h were 96% longs (CoinPerps). Open interest fell 4.76% to $898M — longs unwinding, not new shorts. Funding still positive at +0.0063% per 8h (Swolecharts) — longs still pay to hold a broken floor.
Leaning bearish while $0.06659 caps it. Reclaim it into the close and it was a wick, $0.069 back on the table. Lose $0.06301 and the round $0.060 is next.
Do you buy the $0.06301 dip, or wait for the $0.06659 reclaim?
Not financial advice. DYOR.
#DOGE #MemeCoins #CryptoMarket
