$DOGE keeps getting sold into the same spot. It's sitting around 0.0770 now, down about 1.5% on the day, after another 4h rejection under 0.0780 and a wick down to 0.0747 earlier.
On the NanoTrading Fire chart (4h) the volume POC is right overhead at about 0.0780, with the heaviest ask band at 0.0780-0.0785 on top of it. Below price there's a dense bid band and a thick long liquidation cluster at roughly 0.0748-0.0765. The short liq clusters are much further up, around 0.085-0.086 and 0.090.
Binance futures look crowded on one side. OI is flat at about $211M, funding is basically neutral, and around 73% of accounts are long. Top traders are about 74% long too, so there aren't many shorts left to squeeze.
My read: as long as $DOGE can't close a 4h back above 0.0785, I think it's more likely to sweep that 0.075-0.0765 long pocket before anything else. If it reclaims 0.0785 with volume, the path toward 0.085 opens up. Watching which side breaks first 🐕
Would you fade the 0.078 rejection here or wait for the sweep under 0.075?
NFA, just how i see it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#DOGE #Dogecoin #NanoTrading
On the NanoTrading Fire chart (4h) the volume POC is right overhead at about 0.0780, with the heaviest ask band at 0.0780-0.0785 on top of it. Below price there's a dense bid band and a thick long liquidation cluster at roughly 0.0748-0.0765. The short liq clusters are much further up, around 0.085-0.086 and 0.090.
Binance futures look crowded on one side. OI is flat at about $211M, funding is basically neutral, and around 73% of accounts are long. Top traders are about 74% long too, so there aren't many shorts left to squeeze.
My read: as long as $DOGE can't close a 4h back above 0.0785, I think it's more likely to sweep that 0.075-0.0765 long pocket before anything else. If it reclaims 0.0785 with volume, the path toward 0.085 opens up. Watching which side breaks first 🐕
Would you fade the 0.078 rejection here or wait for the sweep under 0.075?
NFA, just how i see it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#DOGE #Dogecoin #NanoTrading