$DOGE ‌ Keep shorting 30k DOGE! I just saw the so-called news that “DOGE will merge with a NASDAQ-listed company to mine, deploying 3,000 mining machines in 60 days,” and then I turned around and looked at the order book data—straight-up had me laughing.

Traders’ total open positions are almost 200 million; yet the short positions are directly up to 119M, while the longs are only 77M, with the long-short ratio at just 64.61%. The shorts have long held absolute control.
Now the price is 0.1075, and longs’ average cost is only 0.1058—just enough to earn a transaction-fee amount, with zero motivation to push the price up. Meanwhile, shorts’ average cost is 0.1017. There’s a whole bunch of trapped buy orders above, and the sell pressure will only get bigger later.
Put simply, these kinds of messages are just a pretext to lure long buyers and make them take the bag. Every rebound is an opportunity for the shorts to add positions.
I’ve already opened a short position directly—waiting for this batch of “good news” to fully burst and flush out, then get sent back to square one. Whoever chases longs is the one standing guard—don’t believe it? Just wait and see.
Short ⬇️⬇️⬇️#Gate广场五月交易分享