DOGE 0.07—it’s just stopped here again and won’t move.
The people who borrowed money are back again; they flipped it nearly nine times. Last time it surged forty-five times and then people rushed in—within two hours everything was wiped out, and it ran even faster than when it first came.
Now the borrowing rate has surged back up again—so why would they rush in to give it away? Don’t they think they’re dying fast enough?
Over on the spot side it’s even crazier: in three hours there were twelve funding candles, and not a single one was red. Everyone is pulling money out—unceasingly. Trading volume has also shrunk to where you can’t even see it; there’s no follow-through.
The whales are still holding it up—77% long positions are nailed down—but the account is also shrinking. Can they hold?
Last time it was the same script: they held on to the very end and then all of it was吐ed out—none managed to get away.
I don’t get it. Every time it’s the same script, and every time people come rushing in to hand over money. Chasing longs at this position—what, they’ve got too much money and nowhere to spend it.
I’m not chasing. I’ll wait. First, let’s see whether 0.069 can hold. If it can’t, then the space below opens up.
#doge $DOGE
The people who borrowed money are back again; they flipped it nearly nine times. Last time it surged forty-five times and then people rushed in—within two hours everything was wiped out, and it ran even faster than when it first came.
Now the borrowing rate has surged back up again—so why would they rush in to give it away? Don’t they think they’re dying fast enough?
Over on the spot side it’s even crazier: in three hours there were twelve funding candles, and not a single one was red. Everyone is pulling money out—unceasingly. Trading volume has also shrunk to where you can’t even see it; there’s no follow-through.
The whales are still holding it up—77% long positions are nailed down—but the account is also shrinking. Can they hold?
Last time it was the same script: they held on to the very end and then all of it was吐ed out—none managed to get away.
I don’t get it. Every time it’s the same script, and every time people come rushing in to hand over money. Chasing longs at this position—what, they’ve got too much money and nowhere to spend it.
I’m not chasing. I’ll wait. First, let’s see whether 0.069 can hold. If it can’t, then the space below opens up.
#doge $DOGE