Crypto Express

07/16 04:27

DOGE : Have bulls become too aggressive?

Despite bullish sentiment, long traders are taking heavier losses. On the 15th of July, total long liquidations surged to $3.53 million, while shorts lost only $296K. 

This imbalance suggests that leveraged long positions are being flushed out as DOGE struggles to gain ground above $0.20. 

This pattern reflects a growing vulnerability in the market, as traders enter with high leverage but fail to sustain upward momentum.

If the $0.19 support gives way, more liquidations could follow and intensify selling pressure.

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