$PLAY Short-term Risk Warning｜Rapid Rise, Beware of Pullback
PLAY has recently experienced a noticeably rapid increase. The short-term market has entered an overheated zone, and the risk of a pullback is accumulating.
From a structural perspective, the price quickly surged to 0.0538 in a nearly parabolic manner but was quickly rejected at this level, indicating strong selling pressure above and a weakening willingness among bulls to chase higher. At the same time, it can be observed that momentum has significantly cooled after the surge, with selling pressure gradually emerging, and the market is transitioning from emotion-driven behavior to rational correction.
In this context, it is more favorable to wait for short opportunities after a rebound.
The trading ideas are as follows:
📉 Short Entry Range
0.0495 – 0.0502
🎯 Target Levels
TP1: 0.0460
TP2: 0.0425
TP3: 0.0385
🛑 Stop Loss Level
0.0539
The overall logic is that the surge is weakening → momentum is decaying → pullback for correction. Be sure to control your position and strictly implement stop losses.
$PIPPIN
