📊 $PENGU – Profit-taking pressure, short-term bias down
🗓️ Friday, 29/08/2025
📰 The market is monitoring US inflation data and statements from the Fed; cautious risk appetite.
💰 Current price: 0.02923 USDT — below EMA7 and EMA25, but still above EMA99 ⇒ short-term trend weakens, medium-term still holds support.
📈 RSI(6/12/24): 35.7 / 41.3 / 47.5; MACD(12,26,9) ~ -0.00035 (below 0) ⇒ weak momentum, likely to continue adjusting.
📊 Futures: OI slightly decreased; Long/Short ratio across the market ~1.22; Top trader L/S (accounts) ~1.11, (positions) ~1.42; funding near 0, slightly negative. Probability leans SHORT.
⚡ Basis narrows to near 0/slightly negative → defensive sentiment, potential for long squeeze during strong volatility.
🎯 Preferred trend: SHORT 📉 – Probability 60%
📍 Entry (Entry zone): 0.0308
🎯 TP1 (Take profit 1): 0.0280 ~ 9.09% compared to Entry
🎯 TP2 (Take profit 2): 0.0265 ~ 13.96% compared to Entry
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💡 Did you know?
The Long/Short Ratio indicates the market's leaning towards positions. When the ratio >1 and increases but the price moves sideways/decreases, the risk of a long squeeze is higher. Combine with OI to assess whether the capital flow is expanding (sustainable trend) or contracting (likely to reverse).