$PLAY – Short Setup

$PLAY has rallied hard for three straight days, nearly doubling in price. Momentum now looks stretched. Today’s move has already topped out, and on the 15-minute chart price is forming multiple highs at the top range. After the latest high, sellers stepped in and price has started to roll over.

This looks like a solid spot to look for short positions as downside continuation becomes likely.

PLAY

Alpha

0.049878

+42.54%