$DOOD
Shorts are paying longs, and this rally still has some steam left.
Up about +43% in the past 24 hours, with roughly 375 million U in trading volume.
Funding rate: −0.387%; open interest is up 42%. The more shorts pile on, the more it costs them.
Bias: Lean bullish on a rebound, but don’t go all-in chasing at the current price.
Invalidation: A break below 0.00193 combined with funding turning positive would invalidate the short-squeeze thesis.
With funding at −0.387%, would you still dare to take the short side?
Note: This analysis is for reference only and does not constitute investment advice!
#DOOD #Binance Oracle
Shorts are paying longs, and this rally still has some steam left.
Up about +43% in the past 24 hours, with roughly 375 million U in trading volume.
Funding rate: −0.387%; open interest is up 42%. The more shorts pile on, the more it costs them.
Bias: Lean bullish on a rebound, but don’t go all-in chasing at the current price.
Invalidation: A break below 0.00193 combined with funding turning positive would invalidate the short-squeeze thesis.
With funding at −0.387%, would you still dare to take the short side?
Note: This analysis is for reference only and does not constitute investment advice!
#DOOD #Binance Oracle
