doge 🟡 5) DOGE — signs of crowded longs and spot selling
A report dated 01/10 said that about 78% of smart money is leaning long, while spot selling pressure appears in the resistance area of 0.10 USD. This is a setup that can easily create a long squeeze if the price fails to break through the barrier. �
Blockchain News
Interpretation:
Price is rising but spot selling is strong + high long ratio = risk of a fake breakout.
Not suitable to chase a buy immediately below 0.10 USD if there is no confirmation via spot volume.$DOGE
#DOGE
A report dated 01/10 said that about 78% of smart money is leaning long, while spot selling pressure appears in the resistance area of 0.10 USD. This is a setup that can easily create a long squeeze if the price fails to break through the barrier. �
Blockchain News
Interpretation:
Price is rising but spot selling is strong + high long ratio = risk of a fake breakout.
Not suitable to chase a buy immediately below 0.10 USD if there is no confirmation via spot volume.$DOGE
#DOGE