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$SIREN Ah, the dog whales are still performing, just not willing to dump.
Today’s price is hovering around 0.57-0.58, like grandma dancing square dances, hesitating and dragging on.
The data looks pretty scary: the long-short ratio is up to 193%, and the dog whales' holdings have increased as well. Shouldn’t they dump now? They haven’t. What does this mean? The dog whales are still fishing, waiting for more retail investors to jump in.
I think the script hasn’t changed: it’s likely to surge upward a bit more, test 0.6, trigger a short squeeze, then reverse and dump.
So don’t rush to short now, wait until it finishes pretending. Stay above 0.59 and watch, if it can’t break through 0.6-0.61 again, then short it.
In short, don’t get caught up in the show, be careful of the dog whales slapping you back and forth. #Gate广场四月发帖挑战