📊 $DOGE – Sideways weak, easy to get swept down
🗓️ Friday, 29/08/2025
📰 Macro: cautious risk sentiment as the market waits for further signals from the Fed and US inflation data; a strong USD often puts pressure on risk assets.
💰 Current price ~ 0.215. Below EMA7 (≈0.2206) & EMA25 (≈0.2242), above EMA99 (≈0.2112) → short-term trend tilted down, medium-term sideways.
📈 RSI(12) ~46, RSI(24) ~49 below 50; MACD histogram negative and trending down → momentum weakening.
📊 Futures: OI slightly decreased; Long/Short ratio across the market ~3.5 (tilted Long), Top trader accounts ~4.7; funding neutral/slightly negative. Short probability tilted ~62%.
⚡ Negative basis ~ -0.0002 (backwardation) → defensive market, long squeeze risk.
🎯 Preferred trend: SHORT 📉 – Probability 62%
📍 Entry (Buy zone): 0.219–0.222
🎯 TP1 (Take profit 1): 0.210 ~ +4.7% compared to Entry
🎯 TP2 (Take profit 2): 0.200 ~ +9.3% compared to Entry
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💡 Did you know?
Top Trader Long/Short Ratio measures the ratio of accounts (or positions) of the “top traders” group. If the ratio is high but negative basis/OI decreases, it could signal that the crowd is leaning Long but lacks momentum – a reversal squeeze could easily occur.
#DOGE #CryptoGuru #CryptoGuru20250829
