🚨 $PLAY Strategy: Fading the Crash
This is not a "buy the dip" play for the faint of heart. The momentum is heavily bearish. We are watching for a "Dead Cat Bounce" to exit or to snipe a high-risk scalp if the $0.098 floor holds firm.
Scalp Long Entry: $0.0985 – $0.1050 (High Risk)
Short Entry (Relief): $0.1150 – $0.1170 (MA-99 Rejection)
Target 1 (TP1): $0.0880
Target 2 (TP2): $0.0760 (Structural Support)
Stop Loss (SL): $0.1210 (Above the MA cluster)
Trade Logic:
Price is trapped in a vertical markdown. The gap between the price and the MA(99) ($0.117) suggests we may see a minor relief bounce to retest the broken support-turned-resistance. However, with the current volume fading on the bounce, we expect the bears to remain in control. Do not catch this knife without a hard stop.
#PLAY #PlaysOut #MarketCrash #TalhaSniper #BinanceSquare
