🚨 $PLAY Showing Signs of Exhaustion
After a massive vertical rally, $PLAY is now approaching a key distribution area where sellers could step in.
🔴 SHORT $PLAY
Entry Range: 0.126 – 0.130
SL: 0.163
TP1: 0.115
TP2: 0.105
TP3: 0.091
Price has already delivered an explosive move and is now struggling to push higher. The recent rejection wicks suggest supply is entering the market while momentum begins to slow.
What I want to see:
✅ Rejection from the current resistance zone
✅ Lower highs forming on LTF
✅ Increased selling pressure below 0.125
Invalidation:
❌ A strong close above 0.163 invalidates the bearish setup and I'm out.
This is a counter-momentum trade after an extended rally. Patience and confirmation are key.
DYOR. Always use a stop loss and manage your risk.
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Trade $PLAY here 👇
