#SPORTFUNUSDT market data indicates that SHORTING is currently the technically stronger "direction," but it carries significantly higher risk due to a specific phenomenon called a "Negative Funding Squeeze."
The Technical Case for
#short (Bearish)
The
#token hit an All-Time High of $0.127 today and has failed to re-test it. It is currently trading around $0.097, which is a -10.9% drop in just a few hours.
Historically, 80% of new
#Binance Futures listings see a "pump and dump" cycle where the price crashes within the first 24 hours as early investors exit.
Resistance: There is a heavy "sell wall" at $0.11. As long as the price stays below this, the trend is downward.
The Danger for Shorts (The "Trap")
The funding rate on Binance is currently -0.666% every 8 hours.
Short sellers are so crowded that they are paying a massive "interest fee" to Long holders. If the price doesn't drop fast enough, shorts will lose money just by holding the position.
Because everyone is shorting, a small whale buy can cause a massive price spike (a "squeeze") to liquidate all the short sellers, even if the project is fundamentally weak.
#SportFun