Retail is Shorting… but PLAY is not falling 👀
PLAYUSDT is quietly showing a futures setup many traders ignore..
Price: ~0.0195
But derivatives data is telling a different story.
📊 What I see:
• Shorts still dominating positions
• Long/Short ratio rising
• Open Interest increasing
• Price refusing to drop
This is important.
When price does NOT fall while traders keep opening shorts → that is absorption.
Market makers are accepting sell pressure instead of letting price crash.
That usually appears before a short squeeze.
Most traders think:
Downtrend = short
Smart traders ask:
Who is taking the other side?
Right now sellers are providing liquidity to buyers.
━━━━━━━━━━━━━━━
🎯 Trade Plan
Buy Zone: 0.0189 – 0.0196
Invalidation: 0.0170 (daily close below)
Targets:
TP1 → 0.0215
TP2 → 0.0240
TP3 → 0.0280
After TP1 → move SL to BE
━━━━━━━━━━━━━━━
Big moves never start with green candles.
They start with disbelief, heavy shorting, and sideways price action.
PLAY is currently doing exactly that.
I’m not chasing pumps.
I’m positioning before attention arrives...
#BinanceSquare #cryptotrading #futures #Altcoins #ShortSqueeze