📊 $TAO – Below EMA, negative funding: prioritize selling on rebound
🗓️ Wednesday, 20/08/2025
📰 Weekly highlight: Speech by Fed Chairman Jerome Powell at Jackson Hole (Friday, 22/08/2025) – the market awaits signals for the September FOMC.
💰 Current price ~344.8; below EMA7/25 (~351/~352) and EMA99 (~372.8) → weak short-term trend, stagnation in the medium term.
📈 RSI(6/12/24) ~31/40/45 (<50) indicates weak rebound force; MACD <0 and histogram narrowing → bearish momentum slows but has not reversed.
📊 Futures: Open Interest ~47.5M USDT slightly increased then decreased; Market Long/Short Ratio ~1.44 (leaning LONG), Top Trader Accounts ~1.56; Positions ~2.36 and decreasing; Funding ~-0.0041% (negative). Trend probability: SHORT.
⚡ Basis slightly negative (backwardation) + negative funding → defensive sentiment; crowd LONG easily swept when there is volatility.
🎯 Preferred trend: SHORT 📉 (Sell) – Probability 60%
📍 Entry (Sell zone): 349.0
🎯 TP1 (Take profit 1): 336.0 ~ -3.7% compared to Entry
🎯 TP2 (Take profit 2): 322.0 ~ -7.7% compared to Entry
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💡 Did you know?
“Crowd LONG” means the crowd is strongly leaning towards buying (LONG) positions. That is, most traders open orders expecting prices to rise.