After the rebound, the intraday volatility of DOGE continued to narrow. I believe that the direction of the movement will soon be chosen. Analyzing DOGE from the side
The contract positions have been falling rapidly from the high point, and the upper locked positions have been cutting losses. The funding rate has also remained at a low level or even negative. The trading volume of spot CVD has also been declining, which can only indicate the serious exhaustion of short-term buying power. Now it is oscillating and correcting, waiting for the stimulus of a wave of good news when the King of Understanding comes to power. Little do they know that the good news may have been digested in advance.
From the market perspective, DOGE is still quite short at the moment. Otherwise, the rebound force would not be so weak.
At the current position, the profit and loss ratio of shorting is significantly greater than that of longing.
Several locations that need attention
Support position
First position 0.31
Second position 0.295-0.291
Third position 0.281
Pressure position
First position 0.329
Second position 0.34
The third position
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