📊 $PENGU – Negative funding, basis <0: adjustment risk continues
🗓️ Friday, August 15, 2025
📰 Market context cools down, risk capital flows weaken; alts under pressure as funding turns negative.
💰 Current price ~0.0312. Below MA7 & EMA25 (short-term adjustment), still above EMA99 (long-term trend remains intact).
📈 RSI(6) ~28 (short-term oversold); MACD weakens, histogram decreases → momentum is weak.
📊 Futures: OI ~99.6M USDT, decreased then bounced back as price dropped → additional short positions. Long/Short ratio (entire market) ~1.10; Top trader (positions) dropped sharply ~1.34 → ~1.26. Funding -0.0005% (short biased) → SHORT probability ~60%.
⚡ Basis turns negative (backwardation) → defensive sentiment, bull trap risk.
🎯 Preferred trend: SHORT 📉 (Sell) – Probability 60%
📍 Entry (Entry zone): 0.0320 – 0.0325
🎯 TP1 (Take profit 1): 0.0305 ~ -5.4% compared to Entry
🎯 TP2 (Take profit 2): 0.0285 ~ -11.6% compared to Entry
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💡 Did you know?
Top Trader Long/Short Ratio (Positions) measures the ratio of LONG/SHORT position volume of top traders. When this ratio decreases while the overall market Long/Short Ratio remains stable/increases, it signals that top traders are defending/hedging. This divergence often indicates a potential breakdown unfavorable for the majority.