📊 $SUI – Short-term weakness below EMA25, crowd LONG easily gets swept
🗓️ Wednesday, 20/08/2025
📰 Spotlight: Fed Chair Jerome Powell's speech at Jackson Hole (Friday, 22/08/2025) – clues for the September FOMC, increased volatility risk.
💰 Current price ~3.463; below EMA7/25 (~3.72/~3.69) but above EMA99 (~3.43) → medium-term trend holds, short-term weak.
📈 RSI(6/12/24) ~30.9/41.7/47.6 (<50) → weak rebound force; slight negative MACD, narrowing histogram → downward momentum slows but has not reversed.
📊 Futures: Open Interest ~291M USDT sideways/up; Market Long/Short Ratio ~2.80 (strongly leaning LONG). Top Trader: Accounts ~2.88, Positions ~2.92 heavily LONG; Funding ~+0.0033% (low). Trend probability: SHORT.
⚡ Basis slightly negative (light backwardation) while funding is positive → cautious sentiment, risk of long-squeeze if support level is lost.
🎯 Preferred trend: SHORT 📉 (Sell) – Probability 58%
📍 Entry (Sell zone): 3.50
🎯 TP1 (Take Profit 1): 3.36 ~ -4.0% compared to Entry
🎯 TP2 (Take Profit 2): 3.22 ~ -8.0% compared to Entry
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💡 Did you know?
“Crowd LONG” means the crowd is strongly leaning towards buying (LONG). This means most traders are opening positions expecting prices to rise.
Quick identifiers:
- Long/Short Ratio > 1 (the higher, the more “crowded”). For example, ratio = 3.4 ⇒ about 77% of accounts are LONG
- Positive funding rate (LONG side is paying fees).
- Positive basis (futures higher than spot) and increasing Open Interest.