Fell 7.45%, and in the $DOGE futures contract, 82% of positions are still holding long positions.
02:13 data: Down 7.45%, but open interest in the contract decreased by only 4.75% (from 3.235 billion to 3.082 billion DOGE). Whales are 82% long, and retail investors are also 73.5% long.
Current price: 0.09212. The 1h RSI14 is already 23.88, hovering right along the lower Bollinger Band at 0.09138. Support: 0.09097. Resistance: 0.09900. I personally lean toward not entering now: if it breaks below 0.09097 I won’t look, and only if it reclaims 0.09900 will I consider this drop finished.
02:13 data: Down 7.45%, but open interest in the contract decreased by only 4.75% (from 3.235 billion to 3.082 billion DOGE). Whales are 82% long, and retail investors are also 73.5% long.
Current price: 0.09212. The 1h RSI14 is already 23.88, hovering right along the lower Bollinger Band at 0.09138. Support: 0.09097. Resistance: 0.09900. I personally lean toward not entering now: if it breaks below 0.09097 I won’t look, and only if it reclaims 0.09900 will I consider this drop finished.