The price of $PLAY reached its historical peak (ATH) at $0.09316. Whale data indicates a severe "FOMO" condition, but massive "sell walls" have begun to appear as early investors start to take profits. Technically, the price is very inflated on small time frames with a bearish divergence forming on the RSI indicator. We are awaiting a sharp pullback from this level to flush out late buyers. This is a high-risk reversal trade.

PLAYUSDT

Perp

0.10185

-11.76%

Trade Details

Type: Sell / Short (Trend Reversal)

Entry Price: $0.0925 - $0.0935 (near historical peak resistance)

Take Profit (TP): $0.0820 (quick correction target)

Stop Loss (SL): $0.0965 (tight, above the historical peak in case of a breakout)

Leverage: Low (3x - 5x) – volatility at its peak.

Risk Warning: Short selling at the historical peak poses significant risk. Stick to the stop loss to avoid a "squeeze."