๐ถ๐ฅ *Dogecoin (DOGE) Rockets 514% in Liquidation Imbalance!*
Dogecoin just experienced a massive *514% spike in liquidation imbalance*, meaning way more *long positions* are being liquidated compared to shorts โ and thatโs a big red flag ๐จ.
๐ Whatโs Happening?
- A sharp sell-off caused a flood of *liquidations*, wiping out overleveraged *longs* who were betting on DOGE going higher ๐
- This created a huge *imbalance* between buyers and sellers, pressuring the price downward even more ๐ฃ
๐ Why It Matters:
- *Liquidation imbalance* shows that bulls were overexposed โ too many traders were too confident ๐
- Market makers and whales often use this opportunity to *squeeze out longs* before entering at a better price ๐
๐ฎ Whatโs Next for DOGE?
- If support at around *0.165* breaks, DOGE could slide toward *0.14โ$0.15* โ ๏ธ
- However, a *bounce-back* could happen if volume returns and short-term traders start scooping up the dip ๐
๐ *Takeaway:* Be cautious โ DOGEโs wild liquidation imbalance shows panic selling, but such extreme conditions can also set up surprise reversals. Trade smart, not emotional! ๐ผ๐๐ง
#DAOBaseAIBinanceTGE #FOMCMeeting #SparkBinanceHODLerAirdrop #Write2Earn