Dogecoin has been declining for two days straight, from 0.1 down to around 0.093, with no rebound at all. Why is that? Looking at the chart, 70% to 80% are long, and even now, it hasn't been shaken out. So the next rally will only happen when at least 30% to 50% of the long positions are wiped out. Since these people are so stubborn, I suggest the market maker continue to let it fall for a week, clearing out their longs, dropping to 0.001 to 0.0009. I estimate that only then will the longs and shorts balance out. With so many people going long blindly and the market having about 10% of longs left to be shaken out, you don't need to do anything with your shorts. Just calmly absorb their fuel.

DOGE-0.61%
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BH_HELAL_44
· 2h ago
To The Moon 🌕
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