If You're Planning to Short $DOOD , Think Again... đš
Guys, before taking a short, check the derivatives data first. Futures net inflow reached +$20.62M over 24H, while open interest climbed sharply alongside price. The reported funding rate near -0.2% could create squeeze potential if shorts remain crowded, but verify the live rate on your exchange.
Now look at the liquidation heatmaps. The $0.00357â$0.00360 area is the next upside level to watch, followed by $0.00389. If buying continues, $DOOD could extend toward $0.00420â$0.00450 before any major correction.
On both 1H and 15M, futures CVD surged while spot CVD dropped sharply. Spot flow was around -$1.97M over 24H, despite positive short-term flows, while futures flow remained strongly positive. Orderbook deltas were mixed, and rising OI means volatility can increase quickly.
I also checked the news and unlock side, but found no confirmed fresh bullish announcement or unlock scheduled for today or tomorrow. The pump looks mainly flow-driven and speculative, potentially amplified by short covering.
My take: I won't blindly long after a 120%+ pump, but I also won't short immediately. Negative funding and short-heavy positioning can fuel another squeeze. I'd prefer a short on bounce only after clear rejection and confirmation.
Current Entry: $0.0033-$0.0035
Recommended Entry: $0.00380â$0.00390
Upper Entry: $0.00420â$0.00450 (only after rejection)
SL: $0.00420â$0.00470
TP1: $0.00305
TP2: $0.00240
TP3: $0.00150
Wait for a 30-minute rejection and a failed reclaim. If price holds above the entry zones with strong buying, cancel the short idea. No need to chase the market, guys!
đš One important thing: $DOOD is definitely NOT a safe trade after such a massive pump. Volatility is high, and another squeeze or sharp dump can happen anytime. Use a small position and trade only with money you can afford to lose. Protect your capital first!
Guys, before taking a short, check the derivatives data first. Futures net inflow reached +$20.62M over 24H, while open interest climbed sharply alongside price. The reported funding rate near -0.2% could create squeeze potential if shorts remain crowded, but verify the live rate on your exchange.
Now look at the liquidation heatmaps. The $0.00357â$0.00360 area is the next upside level to watch, followed by $0.00389. If buying continues, $DOOD could extend toward $0.00420â$0.00450 before any major correction.
On both 1H and 15M, futures CVD surged while spot CVD dropped sharply. Spot flow was around -$1.97M over 24H, despite positive short-term flows, while futures flow remained strongly positive. Orderbook deltas were mixed, and rising OI means volatility can increase quickly.
I also checked the news and unlock side, but found no confirmed fresh bullish announcement or unlock scheduled for today or tomorrow. The pump looks mainly flow-driven and speculative, potentially amplified by short covering.
My take: I won't blindly long after a 120%+ pump, but I also won't short immediately. Negative funding and short-heavy positioning can fuel another squeeze. I'd prefer a short on bounce only after clear rejection and confirmation.
Current Entry: $0.0033-$0.0035
Recommended Entry: $0.00380â$0.00390
Upper Entry: $0.00420â$0.00450 (only after rejection)
SL: $0.00420â$0.00470
TP1: $0.00305
TP2: $0.00240
TP3: $0.00150
Wait for a 30-minute rejection and a failed reclaim. If price holds above the entry zones with strong buying, cancel the short idea. No need to chase the market, guys!
đš One important thing: $DOOD is definitely NOT a safe trade after such a massive pump. Volatility is high, and another squeeze or sharp dump can happen anytime. Use a small position and trade only with money you can afford to lose. Protect your capital first!