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$PLAY (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.0875 - 0.0910
Targets:
TP1: 0.0835
TP2: 0.0795
TP3: 0.0755
Stop Loss: 0.0955
Why this Setup:
I see PLAY stalling after a sharp rebound and rolling back under local resistance, so I’m treating this as a short fade as long as momentum stays weak. I want to sell into the 0.0875-0.0910 area and look for continuation toward the recent swing lows if buyers can’t reclaim strength quickly.
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