$PLAY engineered a classic liquidity trap after aggressively sweeping buy-side liquidity into 0.109 before delivering a full bearish displacement back into discount territory. However, the inability to continue lower after the sharp rejection suggests the selloff was more likely a redistribution shakeout than true trend continuation. The market has now reclaimed multiple internal liquidity levels from the 0.083 base, signaling renewed accumulation behavior beneath prior highs.

Current price action is compressing directly below the 0.096โ€“0.098 supply region after a strong impulsive recovery. The recent bullish candles show efficient reclaim of short-term structure, while the shallow pullbacks indicate passive buyers are still defending the breakout leg aggressively. Despite overhead liquidity remaining near 0.109, the current orderflow favors continuation as long as the reclaimed equilibrium zone holds.

LONG โ€” 0.0935 โ€“ 0.0948

Invalidation: 0.0902

TP1: 0.0995

TP2: 0.1040

TP3: 0.1097

TP4: 0.1155

As long as PLAY maintains acceptance above the reclaimed 0.093 structure and avoids bearish displacement back below 0.090, continuation toward external buy-side liquidity remains favored.

โ‡ข Trade $PLAY ๐Ÿ‘‡

PLAYBase
PLAYUSDT
0.12388
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