๐Ÿ’ฅ $PLAY : Parabolic Pump & Crowded Long Trap

โ€ข ๐Ÿ“ˆ $PLAY exploded +51.58% in 24h, becoming one of the hottest movers

โ€ข โš ๏ธ Funding rate at an extreme 0.15739% โ€” longs are paying a huge premium

โ€ข ๐Ÿณ Open Interest near $9.5M shows a heavily crowded long trade

โ€ข ๐Ÿ“‰ Price rejected near 0.070, early signs of momentum fatigue

โ€ข ๐Ÿ” Holding mid-range around 0.062 after a vertical move

โ€ข ๐Ÿป Preferred bias: SHORT while long euphoria overheats

โš ๏ธ When funding gets this expensive, the market often looks for liquidity โ€” not new buyers.

#play #BinanceFutures #CryptoFutures

PLAYBSC
PLAYUSDT
0.06894
+2.37%