$PENGU TP2 has nearly reached. Will you continue to hold the Short position or close the order here?

📊 $PENGU – Below short-term EMA, crowd leaning Long → prioritize SHORT
🗓️ Sunday, 17/08/2025
📰 Weekend liquidity is thin; monitor BTC/USDT fluctuations.
💰 Current price: ~0.03327. Below EMA7 0.03440 & EMA25 0.03454 but above EMA99 0.02467 → short-term trend weakens, medium-term still bullish.
📈 RSI(6/12/24): 37.5 / 45.8 / 53.1. Negative MACD histogram → momentum decreasing.
📊 Futures: OI decreases; Long/Short across the market ~1.07–1.12 (leaning Long). Top Trader (Accounts ~1.00–1.03; Positions ~1.10–1.11) → big players slightly Long. Funding: near neutral ⇒ probability leans SHORT.
⚡ Basis around 0 (slightly negative) & Taker Sell slightly higher → cautious sentiment.
🎯 Preferred trend: SHORT 📉 – Probability 58%
📍 Entry (Buying zone): 0.0340 (zone 0.0338–0.0342)
🎯 TP1 (Take profit 1): 0.0318 ~ -6.5% compared to Entry
🎯 TP2 (Take profit 2): 0.0295 ~ -13.2% compared to Entry
------
💡 Did you know?
Open Interest (OI) decreases along with sideways/down prices indicate positions are being closed, squeeze pressure is gradually decreasing. If OI suddenly increases when Long/Short skews to one side, the risk of a squeeze will increase significantly — a signal to adjust the position size.
#PENGU #CryptoGuru20250817