Is Dogecoin going against the crowd?
Imagine a ship where 73% of passengers are Long $DOGE , while the coin is down 1.44% over the past 24 hours.
The overall feeling is a bit concerning when the crowd is too heavily tilted to one side, and Open Interest is also rising. Sometimes, consensus itself can lead to liquidations.
I'm still watching price action combined with spot volume. There's a high chance of some unexpected volatility. Could DOGE reverse and sweep these Long positions?
For reference only, not investment advice. DYOR.
#DOGE #ZEC'sMarketCapSurpassedDOGE
Imagine a ship where 73% of passengers are Long $DOGE , while the coin is down 1.44% over the past 24 hours.
The overall feeling is a bit concerning when the crowd is too heavily tilted to one side, and Open Interest is also rising. Sometimes, consensus itself can lead to liquidations.
I'm still watching price action combined with spot volume. There's a high chance of some unexpected volatility. Could DOGE reverse and sweep these Long positions?
For reference only, not investment advice. DYOR.
#DOGE #ZEC'sMarketCapSurpassedDOGE
