๐ $PLAY /USDT: Downward pressure. A Long Squeeze scenario?
The pair is under heavy pressure: the price has broken below key EMAs (5, 10, 30) and is pushing toward the lower Bollinger Band ($0.0262).
๐ Behind the scenes:
Whales are short: 92 whales hold short positions ($1.36M) with an average entry price of $0.0322 (+91% profit). Only 52 whales are long, and they are underwater.
Retail is buying the dip: The Long/Short ratio by accounts is 2.09 (over 67% are long). The crowd is trying to catch a "falling knife," creating ideal conditions for a stop-run.
Liquidity: A major pool of buyers and stop-losses has accumulated below $0.0268.
๐ด Main scenario (Short):
Entry: $0.0288 โ $0.0298 (on a bounce to the EMA) or on an impulsive break below $0.0268
Targets (TP): $0.0259 / $0.0231
Stop (SL): $0.0312
๐ข Consider a long position only after the price stabilizes above $0.0323 and the CVD shifts.
The pair is under heavy pressure: the price has broken below key EMAs (5, 10, 30) and is pushing toward the lower Bollinger Band ($0.0262).
๐ Behind the scenes:
Whales are short: 92 whales hold short positions ($1.36M) with an average entry price of $0.0322 (+91% profit). Only 52 whales are long, and they are underwater.
Retail is buying the dip: The Long/Short ratio by accounts is 2.09 (over 67% are long). The crowd is trying to catch a "falling knife," creating ideal conditions for a stop-run.
Liquidity: A major pool of buyers and stop-losses has accumulated below $0.0268.
๐ด Main scenario (Short):
Entry: $0.0288 โ $0.0298 (on a bounce to the EMA) or on an impulsive break below $0.0268
Targets (TP): $0.0259 / $0.0231
Stop (SL): $0.0312
๐ข Consider a long position only after the price stabilizes above $0.0323 and the CVD shifts.
