MBABYDOGE: Short-Term Selling Spike — Avoid New Longs
I'm seeing heavy selling in MBABYDOGE: a recent 11-second print showed 126.97K volume with only 11% buys and 89% sells, and the pair is down ~0.5% on the snapshot and -7.7% over 24 hours.
Shorter timeframes show declining net volume and multiple alerts, which points to persistent selling pressure rather than accumulation.
I will avoid entering new longs and prefer to wait for clearer volume stabilization or a shift toward sustained buy-side activity before considering a trade.
Analysis
Recommendation
Don't buy new positions now — wait for volume stabilization or a clear reversal in buy/sell balance; if already long, consider risk reduction or tight stops.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.