#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%, making it the most significant correction today. It has plummeted from above $0.116 down to around $0.106, nearly all of the weekly gains wiped out.
Regarding the long-short ratio, 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, indicating retail traders are extremely bullish, which is also why it dropped so much today—whales are taking the opportunity to shake out traders.
Liquidation data: 95,000 long positions were liquidated in 1 hour, with no shorts; in 12 hours, 6 million longs were liquidated, only 260k shorts. The longs have been wiped out very brutally.
Support levels are at 0.104-0.105, resistance 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, with a stop loss at 0.102, targeting 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.