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#Gate广场五月交易分享 Dogecoin DOGE: Breaks above 0.11, with the long-short ratio still high. DOGE is now at $0.1101, up 3.39%, finally back above 0.11.
Regarding the long-short ratio, Bn account is at 2.3367, OK at 3.01, large account holders number is 2.7495, large account holdings are 2.1532. The long-short ratio is above 2.3 across the board, with OK even reaching 3.01, retail traders' bullish sentiment remains extremely high.
Liquidation data: 750k short positions liquidated in 1 hour, only 2,977 long positions liquidated, shorts were cleared more.
In 4 hours, 820k short positions liquidated, only 16k long positions, still the shorts are taking the hit.
Support below is at 0.108-0.109, resistance above is at 0.112-0.113.
Entry timing: Those wanting to go long should wait for a pullback to stabilize at 0.108-0.109 before entering, set stop loss at 0.105, target at 0.112-0.113.
The long-short ratio is still very high, watch out for risks.