ROSE dipped below the support level but quickly bounced back from that point. You can raise your stop loss to the breakeven level and hold the trade. We may see a movement toward the resistance area in the coming days. The support and resistance levels remain unchanged.$ROSE
Crypto Market Sees $1.1 Billion Liquidated in 24 Hours!
In a turbulent 24 hours, over $1.1 billion in crypto positions were liquidated, reflecting heightened volatility across the market. Both longs and shorts faced significant liquidations as price swings caught traders off guard. #MarketPullback $BTC $ETH $XRP
Analysis and Future Impact The significant outflow compared to inflow indicates that more DOGE is being sold than bought, leading to a net negative capital flow. This could suggest bearish sentiment among traders, potentially leading to further price declines if the trend continues. The recent price drop of approximately 2.68% over the last 24 hours, along with the high trading volume, reflects active trading but also indicates volatility. The long-to-short ratio of 2:1 suggests that there are more long positions than short positions, which could provide some support for the price if bullish sentiment returns. However, the overall negative net flow could pressure the price downward in the short term.
Conclusion In summary: the current inflow and outflow data for DOGE suggest a bearish trend, with more selling pressure than buying interest. Traders should monitor these trends closely, as continued outflows could lead to further price declines.