$PLAY IS SHOWING WEAKNESS AND SETTING UP FOR A POTENTIAL DOWNSIDE MOVE 📉
Entry: 0.03077 – 0.03127 🔥
Target: 0.02709, 0.02446, 0.02053 🚀
Stop Loss: 0.03627 ⚠️
The price action on $PLAY is starting to roll over, and the current structure suggests we are losing the battle at these local highs. I am watching the momentum shift closely as we test the lower bounds of the recent range.
With the stop loss placed above the recent resistance, the risk to reward profile looks favorable if the selling pressure continues to accelerate. Do you see this breaking lower or finding support here?
Not financial advice. Always manage your risk.
#PLAY #ShortSetup #CryptoTrading #MarketAnalysis
🎯
Entry: 0.03077 – 0.03127 🔥
Target: 0.02709, 0.02446, 0.02053 🚀
Stop Loss: 0.03627 ⚠️
The price action on $PLAY is starting to roll over, and the current structure suggests we are losing the battle at these local highs. I am watching the momentum shift closely as we test the lower bounds of the recent range.
With the stop loss placed above the recent resistance, the risk to reward profile looks favorable if the selling pressure continues to accelerate. Do you see this breaking lower or finding support here?
Not financial advice. Always manage your risk.
#PLAY #ShortSetup #CryptoTrading #MarketAnalysis
🎯