SHORT POSITIONING: $FLOKI Bias: Bearish, with fresh shorts entering. Positioning looks crowded and late-stage, while OI remains elevated but is not accelerating this hour, raising exhaustion risk. Metrics: OI +0.72% 1h, price -1.85% 1h, volume 1.42x average, funding 0.01% per 8h. Levels: Entry 0.02864, T1 0.027845 (1.0R), T2 0.027315 (1.7R), invalidation 0.029435. Warning: Thin book (OI ~$3.1M), volume is unconfirmed, and slippage is a real cost. A crowded short book with flat ignition suggests this move may be late, not fresh. Momentum needs confirmation before chasing the downside.