Funding just flipped negative on $RPL , but the tape shows sellers struggling to push it lower.

$RPL - SHORT

Trade Plan:

Entry: 1.91061 – 1.93139

SL: 1.98333

TP1: 1.85868

TP2: 1.83790

TP3: 1.79635

Why this setup?

Bids are absorbing the selling pressure around the 1.92100 zone. The daily trend is bearish and RSI is oversold, but the 1h ATR is compressed at 0.04155, signaling a potential expansion. With open interest elevated and funding negative, shorts are getting comfortable—often a contrarian signal. A clean break below 1.91061 targets the first liquidity pocket at 1.85868.

Debate:

Do we see a squeeze back to 1.98333, or does the breakdown accelerate?

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