$DOGE just flashed a 3.29 long/short ratio that’s heavy bullish positioning.
But here’s the reality most ignore:
This metric reflects trader bias, not guaranteed upside. When longs get overcrowded, the market often does the opposite.
coinglass
Smart money watches for: • Liquidity grabs
• Long squeezes
• Late FOMO entries
I’ve seen this setup before hype peaks, then volatility follows.
Trade the reaction, not the headline.