$PLAY Short 50x – Bearish momentum is building from the right level.
PLAY is struggling near the 0.12159–0.12359 zone, and I just entered Short 50x Isolated.
Trade Plan:
- Entry: 0.12159 – 0.12359
- TP1: 0.11657 (R:R 1:1.0)
- TP2: 0.11456 (R:R 1:1.3)
- TP3: 0.11054 (R:R 1:2.0)
- SL: 0.12861
Why this setup?
- The 4h short setup remains intact, while the daily trend is still bullish as price reacts from 0.12159–0.12359 around 0.12259.
- 15m RSI sits at 65, leaving room for sellers to push lower from an elevated reading.
- 15m volume is at 0.50x, with 1.50M traded versus 3.01M expected, confirming real sell-side participation.
PLAY
Alpha
0.12493
+7.83%