#Gate广场五月交易分享 Dogecoin DOGE: The biggest drop, with the long-short ratio off the charts

DOGE is now about $0.10664, down 4.16%, the sharpest correction today. From above $0.116, it plummeted all the way to around $0.106, nearly all of this week's gains wiped out.
In terms of the long-short ratio, the BN account is at 2.3146, OK at 2.76, and large accounts hold 2.1663. The long-short ratios are all above 2.3, retail investors are extremely bullish, which is also the reason for today's sharp decline—whales are taking the opportunity to shake out traders.
Liquidation data: 950k long positions liquidated in 1 hour, with no shorts; 6 million long positions liquidated in 12 hours, only 260k shorts. The longs have been cleaned out very brutally.
Support below is around 0.104-0.105, resistance above is at 0.11-0.112.
Entry timing: Those wanting to go long should wait for a rebound and stabilization at 0.104-0.105 before entering, set stop-loss at 0.102, and target 0.11-0.112. The long-short ratio is too high, and whales may still be shaking out, so don’t rush to buy the dip.