on a $DOGE short
you see a -0.7% candle. i see a 2.63x crowded long bleeding out under VWAP, OI deflating, longs getting liquidated while funding still makes them pay to hold.
same tape. different read.
not calling a top. just letting the trapped side fund the move.
a crowded long doesn't unwind all at once. three stages, and only one is tradeable:
① still crowded, longs getting peeled off → fuel intact, short here
② 95%+ liquidated, L/S still elevated → mostly done, rebound risk
③ L/S back to neutral → it's over, you missed it
the % of longs already liquidated tells you which stage you're in. most people short ③ and wonder why it bounces.
revenue model is real, mini chains expansion is underpriced, and the tape backs the patience play.
no leverage froth, no crowded longs to flush, liqs basically nil. that's a clean base, all the downside from positioning is already wrung out. spot accumulation into a book this calm is how the good ones start
@JamesEastonUK sui is cheap now, people will never see it again at this price
few people understand that alts are at their bottom, a price that will never be touch again