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#DOODUSD +126% in ONE DAY: Short Squeeze or Bull Trap??
Look at $DOODUSDT right now.
After bottoming at 0.001104 in August and crabbing around 0.0015 for months, DOOD just printed a vertical daily candle to 0.003519, +126.59% today. 24h Volume: 204.16B DOOD / $547.81M USDT, 10x the average.
What happened?
1. Classic Perpetual Short Squeeze: EMA20 at 0.001795 and EMA50 at 0.001687 were left in the dust. When price is 2x above its moving averages, it's not strength, it's liquidation.
2. RSI(14) 86.62 - Extreme Overbought: Last time we saw this exact setup in early August, it pumped the same way then dumped straight back to the bottom.
3. My Plan: For low-cap meme coins like $DOOD, a 100%+ daily pump is a signal to take profit, not to FOMO. It could wick to 0.0040-0.0042, but the high probability move is a sharp retrace back to 0.0022 - 0.0020.
I'm staying out. No long chasing here.Good luck with your trade!
What do you think? One more leg up or dump 🚨tonight?
#DOODUSD +126% in ONE DAY: Short Squeeze or Bull Trap??
Look at $DOODUSDT right now.
After bottoming at 0.001104 in August and crabbing around 0.0015 for months, DOOD just printed a vertical daily candle to 0.003519, +126.59% today. 24h Volume: 204.16B DOOD / $547.81M USDT, 10x the average.
What happened?
1. Classic Perpetual Short Squeeze: EMA20 at 0.001795 and EMA50 at 0.001687 were left in the dust. When price is 2x above its moving averages, it's not strength, it's liquidation.
2. RSI(14) 86.62 - Extreme Overbought: Last time we saw this exact setup in early August, it pumped the same way then dumped straight back to the bottom.
3. My Plan: For low-cap meme coins like $DOOD, a 100%+ daily pump is a signal to take profit, not to FOMO. It could wick to 0.0040-0.0042, but the high probability move is a sharp retrace back to 0.0022 - 0.0020.
I'm staying out. No long chasing here.Good luck with your trade!
What do you think? One more leg up or dump 🚨tonight?
Look at $DOODUSDT right now.
After bottoming at 0.001104 in August and crabbing around 0.0015 for months, DOOD just printed a vertical daily candle to 0.003519, +126.59% today. 24h Volume: 204.16B DOOD / $547.81M USDT, 10x the average.
What happened?
1. Classic Perpetual Short Squeeze: EMA20 at 0.001795 and EMA50 at 0.001687 were left in the dust. When price is 2x above its moving averages, it's not strength, it's liquidation.
2. RSI(14) 86.62 - Extreme Overbought: Last time we saw this exact setup in early August, it pumped the same way then dumped straight back to the bottom.
3. My Plan: For low-cap meme coins like $DOOD, a 100%+ daily pump is a signal to take profit, not to FOMO. It could wick to 0.0040-0.0042, but the high probability move is a sharp retrace back to 0.0022 - 0.0020.
I'm staying out. No long chasing here.Good luck with your trade!
What do you think? One more leg up or dump 🚨tonight?
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