$AGT is down 34.34% over the past day compared with this time yesterday,
but the funding rate has risen to 0.00915% from the previous period, huh~.
From Cathie Wood’s perspective, the medium-term uptrend still supports a bullish bias.
From Burry’s perspective, the price is falling while traders still pay funding; the technicals are neutral overall, and there’s little evidence of a recovery.
I’m leaning bearish: stubborn bullish support makes more sense than a trend recovery.
But large holders are more bullish than yesterday, mm-hmm, so I’ll downgrade this call to mild.
If the bulls take paying funding as a sign of strength, I’d call it “paying to keep a cooling oven at a constant temperature.”
Let the price grade me:
A drop below 0.0472 would provide evidence that the weakness is continuing.
If 0.0868 is breached, I’ll cross out my bearish call—I misread it this time.
If you had to call it,
is “34.34% exposing false strength,”
or “34.34% just a pullback”?
#AGT #Candlestick Analysis
Data from Binance public market data; not investment advice
but the funding rate has risen to 0.00915% from the previous period, huh~.
From Cathie Wood’s perspective, the medium-term uptrend still supports a bullish bias.
From Burry’s perspective, the price is falling while traders still pay funding; the technicals are neutral overall, and there’s little evidence of a recovery.
I’m leaning bearish: stubborn bullish support makes more sense than a trend recovery.
But large holders are more bullish than yesterday, mm-hmm, so I’ll downgrade this call to mild.
If the bulls take paying funding as a sign of strength, I’d call it “paying to keep a cooling oven at a constant temperature.”
Let the price grade me:
A drop below 0.0472 would provide evidence that the weakness is continuing.
If 0.0868 is breached, I’ll cross out my bearish call—I misread it this time.
If you had to call it,
is “34.34% exposing false strength,”
or “34.34% just a pullback”?
#AGT #Candlestick Analysis
Data from Binance public market data; not investment advice
