$DOGE is stuck in a tight box around 0.0753, the whole day fit between 0.0746 and 0.0763. Boring on the surface, but the positioning under it isn't boring at all.
On the NanoTrading Fire chart (4h) the liquidation model has roughly $190M of short liqs stacked around 0.0788, and only about $92M of long liqs sitting right under price near 0.0745. The order heatmap shows a bid band around 0.074 and thinner walls up near 0.080 and 0.085.
Binance perps: OI ticked up from about $192M to $196M over the last day while price went nowhere, funding is pinned at 0.01%, and the crowd is very long. Global long/short is 2.52 and top accounts sit at 3.15. That much long lean in a flat range usually means someone gets flushed first.
My read: a sweep of 0.0745 to clear those longs is the easier move, and if $DOGE reclaims 0.0763 after that I'd look for the run into the 0.0788 short pocket. A clean 4h close under 0.074 kills the idea.
Would you fade the crowded longs here or buy the flush? 🐕
NFA, just how I'm reading it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#DOGE #NanoTrading #Memecoins
On the NanoTrading Fire chart (4h) the liquidation model has roughly $190M of short liqs stacked around 0.0788, and only about $92M of long liqs sitting right under price near 0.0745. The order heatmap shows a bid band around 0.074 and thinner walls up near 0.080 and 0.085.
Binance perps: OI ticked up from about $192M to $196M over the last day while price went nowhere, funding is pinned at 0.01%, and the crowd is very long. Global long/short is 2.52 and top accounts sit at 3.15. That much long lean in a flat range usually means someone gets flushed first.
My read: a sweep of 0.0745 to clear those longs is the easier move, and if $DOGE reclaims 0.0763 after that I'd look for the run into the 0.0788 short pocket. A clean 4h close under 0.074 kills the idea.
Would you fade the crowded longs here or buy the flush? 🐕
NFA, just how I'm reading it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#DOGE #NanoTrading #Memecoins
