【$PLAY Signal】Short, 1H overbought + 4H slightly bearish, placing orders for sniper entry

$PLAY: 1H RSI 61.44, price breaks above Bollinger upper band at 0.0905, buying pressure weakens. 4H MACD histogram -0.0027 but bearish momentum shrinks, midline at 0.0988 acts as clear resistance. Depth ratio 0.99, orders are balanced, but after three consecutive bullish candles on 1H, it encounters resistance at 0.0978 and pulls back, volume has not continued to expand.

🎯Direction: Short (placing orders)

⚡Entry/Order: 0.1028 (recommended upper boundary of the zone, wait for rebound test)

🛑Stop loss: 0.1227 (invalidates if it breaks above previous high structure)

🚀Target 1: 0.0630 (support near the 4H lower band)

🚀Target 2: 0.0431 (extreme breakdown zone)

🛡️Trade management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss down to entry price. If the price reverses and breaks above 0.1227, exit unconditionally.

Short-term momentum of rally diminishes, wait for a second test of the 4H midline resistance at the order zone, risk-reward ratio is favorable at the order placement.

Check real-time market 👇 $PLAY
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