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$DOGS Turnover rate of 48 times, do you know what that means?
The market makers spent a lot of money on boosting volume and buying ad space, just to make you see this coin on the top gainers list, and then chase in.
Open interest not rising but falling, bulls are withdrawing, this is not real accumulation, someone is offloading.
Funding rate is negative but positions are not decreasing, I've seen this structure too many times, dead water market, seemingly lively but empty inside.
A 79% increase completed in one day, 125% over 30 days, if you enter now, you're the one taking the buy-in.
I'm not saying you can't trade, I mean chasing high is what retail traders do, I won't touch such positions.