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$PLAY (1h) - Momentum Pullback Short
Bias: Short
Entry (Zone): 0.1620 - 0.1710
Targets:
TP1: 0.1520
TP2: 0.1410
TP3: 0.1280
Stop Loss: 0.1765
Why this Setup:
I’m looking for a short after a strong vertical move into resistance, with price now extended and likely to retest support if momentum fades. I want a controlled pullback entry near the recent highs, with downside targets at the prior breakout levels and the next demand zones below.