$PLAY – Short Setup (Exhaustion at Resistance)
Price has pushed aggressively into resistance but is now showing clear signs of fatigue.
Momentum is fading, and each attempt to break higher is weaker than the last — a classic sign of buyer exhaustion.
When rallies stall near highs like this, it often signals distribution, with sellers stepping in and setting up for a pullback.
Plan: Short bias
Entry: 0.100 – 0.106
Stop Loss: 0.112
Targets:
TP1: 0.092
TP2: 0.084
TP3: 0.076
Risk is clearly defined above the highs. As long as price remains capped below resistance, downside continuation is the higher probability.
Trade $PLAY here 👇
PLAYUSDT
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