Wow!?

$UB These days, people who are shorting are being crushed on the ground.

Who would have thought that just a few days ago, UB was still at a low point, half-dead, and in two days, it doubled!

It surged 34 points in 24 hours, reaching a high of 0.142. Many short sellers are now watching the market in tears.

Looking at the liquidation data, it’s clear that all the losses are from short positions.

In 24 hours, a total of $1.87 million was liquidated, with $1.33 million from short positions, and only $540k from longs.

Whether it’s 1-hour, 4-hour, or 12-hour charts, almost all liquidations are from short positions.

Previously, the price was steadily declining, and many thought it wouldn’t rise anymore. They opened shorts at the rebound, trying to top out.

But the main force didn’t give shorts any chance to escape. A series of big bullish candles kept pushing upward, forcefully lifting the price while squeezing short positions.

The 4-hour chart is firmly above all moving averages, with the MACD bullish momentum continuing. The lowest point was 0.0718, now up to 0.138, doubling without any hesitation.

Now, the market sentiment is completely divided:

Those holding at low levels are hesitant whether to take profits and cash out;

Those who missed the move are afraid to chase, fearing a pullback once they enter;

Shorts are the most miserable, distressed about cutting losses, but also afraid of further upward movement trapping them deep.

A reminder for those trading futures: this coin is highly volatile. During a one-sided rally, don’t stubbornly hold short positions. High leverage on shorts is like giving away your principal for free.

If anyone got wiped out by a wave of shorting or caught a doubled-up position at the low, share your current situation in the comments!

Trump’s only Dogecoin, Conan, is currently in a hot staking ecosystem. Solana chain xBQt.