$KAT is starting to look like a trap, but not for longs. Crowd is still leaning short while price keeps grinding higher. That’s the kind of setup that punishes late bears fast.

Support is sitting near 0.00925 and volume is running 2.8x the 7d average. Price up, positioning stretched, and the squeeze setup is getting cleaner.

If $KAT holds that floor, I’m not fading it here. This is not where I would chase shorts.