$PLAY
🔍 What the Funding Rate Is Telling Us
1️⃣ Funding is highly positive
• Recent funding rates: 0.14% – 0.23% (very high for perp markets)
• This means:
• Too many traders are long
• Longs are paying shorts aggressively
➡️ Crowded long positions = risk of long squeeze
⸻
2️⃣ Funding is cooling down
• Latest funding dropped from 0.237% → 0.033%
• Price jumped from ~0.041 → 0.068 (+60% in short time)
➡️ Indicates profit-taking + partial deleveraging
➡️ Momentum is slowing after a sharp pump
⸻
📈 Price Structure Insight
• Strong impulsive move upward (FOMO-driven)
• No healthy consolidation yet
• Mark price rejected near 0.066–0.068 area earlier
This typically leads to:
• Pullback / sideways chop
• OR a liquidity sweep down before continuation
⸻
🔮 Likely Scenarios (Short-Term)
🟡 Most Probable (60%) – Pullback / Consolidation
• Funding was overheated
• Expect retrace toward:
• 0.058 – 0.060 (first support)
• Deeper support: 0.052 – 0.055
• Price may move sideways while funding normalizes
➡️ Healthy reset before next move
⸻
🔴 Bearish Short-Term (25%) – Long Squeeze
• If BTC / market turns weak:
• Overleveraged longs get liquidated
• Fast drop possible toward 0.048 – 0.050
⸻
🟢 Bullish Continuation (15%) – Only If…
• Funding stays below 0.05%
• Price holds above 0.060
• Volume remains strong
➡️ Then next upside zone:
• 0.072 – 0.078
💡 Smart Play (Risk-Aware)
• Avoid chasing longs at highs
• Wait for:
• Funding normalization
• Pullback + confirmation
• Shorts only make sense near resistance, not mid-range
here
note: this is not trade advise its my own analysis for my trade only. If you want to trade dow your own research.
#PLAYUSDT #EngrsAnalysis