$PLAY Testing Major Support – Is the Breakdown Next?
Long $PLAY
Entry: 0.0862 – 0.0895
Stop Loss: 0.0830
Targets:
TP1: 0.0945
TP2: 0.1020
TP3: 0.1180
The market is showing heavy sell pressure, and $PLAY is hanging by a thread at its local support. With the broader market looking bearish.
The Technical Breakdown:
Trend Analysis: Clear bearish structure on the 4H/1H charts with consistent Lower Highs.
Resistance Zone: Massive rejection at the 0.1190 level; price is now struggling to maintain any upward momentum.
Volume Profile: Selling volume is increasing on every minor bounce, suggesting "Smart Money" is distribution.
Support Alert: If we lose the 0.0862 floor, expect a fast slide to the next liquidity zone.
💡 Pro Strategy:
Don't chase the price at the bottom. Wait for the 15m candle to retest the MA(10) and show a rejection wick. Patience is the key to sniper entries!
What do you think? Is PLAY going to bounce here, or are we heading to 0.080? 👇 Drop your thoughts in the comments!
🚀 Follow me for daily Alpha Setups and Market Updates!
#PLAY #BitcoinGoogleSearchesSurge #WarshFedPolicyOutlook