$PLAY is trying to defend a major support zone after a sharp correction, and this bounce could be the start of a recovery move if buyers step in with volume.
Entry Range: $0.1030 - $0.1060
Stop Loss: $0.0990
Targets:
TP1: $0.1120
TP2: $0.1180
TP3: $0.1250
$PLAY has been under strong selling pressure, but the recent reaction from the $0.1000 area shows buyers are attempting to absorb the downside momentum. The current structure suggests a potential relief rally if price continues holding above support and reclaims nearby resistance levels.
A sustained move above $0.1100 can attract fresh momentum and open the path toward higher targets. Patience is important here—waiting for confirmation around the entry zone provides a better risk-to-reward setup than chasing sudden spikes.
As long as $PLAY remains above $0.0990, the bullish recovery scenario remains valid. A breakdown below this level would invalidate the setup and could lead to further downside.
Entry Range: $0.1030 - $0.1060
Stop Loss: $0.0990
Targets:
TP1: $0.1120
TP2: $0.1180
TP3: $0.1250
$PLAY has been under strong selling pressure, but the recent reaction from the $0.1000 area shows buyers are attempting to absorb the downside momentum. The current structure suggests a potential relief rally if price continues holding above support and reclaims nearby resistance levels.
A sustained move above $0.1100 can attract fresh momentum and open the path toward higher targets. Patience is important here—waiting for confirmation around the entry zone provides a better risk-to-reward setup than chasing sudden spikes.
As long as $PLAY remains above $0.0990, the bullish recovery scenario remains valid. A breakdown below this level would invalidate the setup and could lead to further downside.