【$PLAY Short Signal】4H Bearish Continuation + 1H Weak Rebound


$PLAY RSI 1H stuck at 50, buying pressure unable to break through the midline. The middle band of the 4H Bollinger Bands at 0.0954 is forming resistance, and the price has failed to stay above 0.0875 for three consecutive 1H candles. Deep imbalance of 2.59%, with more sell orders stacked.
🎯Direction: Short
⚡Entry/Order: 0.08708 - 0.10090 at any price within the range
🛑Stop Loss: 0.11364
🚀Target 1: 0.07543
🚀Target 2: 0.06269
🛡️Trade Management: - Execute strategy: reduce position by 50% after reaching Target 1, and move stop loss to break-even. If the price rebounds back to the entry level, automatically exit to protect capital.
Trading volume continues to shrink, 1H MACD histogram hovers below zero, indicating weak willingness for support. There is short-term support around 0.08416, but insufficient depth to absorb buy orders. The current risk-reward ratio is acceptable, and the bearish direction is worth betting on.
#GateSquareMayTradingShare
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