【$PLAY Signal】Funding rate at 0.2174%, high, 1H selling pressure persists, short-term bearish


$PLAY Funding rate surges to 0.2174%, long positions have extremely high costs. 1H buy order depth is 2.25 times but cannot push the price up, buy orders are quickly absorbed. 4H MACD shows expansion but the histogram value is only 0.0002, momentum is clearly weakening. RSI on the 1H chart is at 41.09, in a weak zone, rebound is weak. Current price is close to the lower Bollinger Band, the bullish defense line is fragile. At high funding rates, the probability of a short squeeze is low, and the bearish outlook is clear.
🎯Direction: Short
⚡Entry/Order: 0.0334394 - 0.0335400
🛑Stop loss: 0.0338754
🚀Target 1: 0.0330369
🚀Target 2: 0.0327854
🛡️Trade management: - Execute strategy: reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
View real-time market 👇 $PLAY
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