$PLAY BEARISH OUTLOOK | SHORT TRADE SETUP 👇

$PLAY - Profit taking has started and sellers are now in full control. Watch as it forms cup & handle. If support at 0.0417 breaks we could expect a fast drop!

🔴 SHORT ENTRY: 0.042230

🎯 TP1: 0.041508

🎯 TP2: 0.040786

🎯 TP3: 0.040064

🎯 TP4: 0.039341

🔻 SL: 0.043575

📊 Analysis:

• RSI at 11.60 indicates weak momentum.

• MACD shows a bearish crossover with momentum (-0.00020).

• Price is below the 200-period EMA with a strong red candle.

• Volume surge reflects growing buying activity.

📈 Trader Guidance:

• Set stop-loss at 0.043575to limit risk to 1-2% of your account.

• Enter positionally and add at TP1.

• Secure profits at TP1/TP2, use a trailing stop for TP3/TP4.

• Monitor 15m chart for consolidation above 0.042230.

This setup offers solid potential. Act with discipline and protect your gains.

$PLAY

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