$PLAY Short Setup: Bearish Structure Confirmed! ๐๐ป
The price action for $PLAY is currently showing significant weakness after hitting an all-time high of $0.1278 earlier today. The structure remains heavy as buyers struggle to reclaim the $0.135 resistance level.
Short $PLAY Entry: $0.112 โ $0.122 ๐น
Target 1 (TP1): $0.105 ๐ฏ
Target 2 (TP2): $0.098 ๐ฏ
Target 3 (TP3): $0.092 ๐ฏ
Target 4 (TP4): $0.084 ๐ฏ
Target 5 (TP5): $0.073 ๐ฅ
Stop-Loss (SL): $0.138 โ ๏ธ
Technical View:
Momentum: After a massive 1,105% spike in trading volume over the last 24 hours, the upward momentum is beginning to fade, signaling a potential distribution phase.
Resistance Rejection: The price is repeatedly failing to hold above $0.130, with sellers stepping in aggressively near the $0.135 supply zone.
Structure: A break below the local support at $0.110 would confirm the bearish reversal, paving the way for a deeper correction toward the $0.076 target.
Discipline > FOMO. Let the bears take control! ๐โ
