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$PLAY (1h) - Short
Bias: Short
Entry (Zone): 0.0880 - 0.0950
Targets:
TP1: 0.0820
TP2: 0.0765
TP3: 0.0700
Stop Loss: 0.1025
Why this Setup:
I see a strong rejection from the recent swing high followed by continued lower highs and lower lows, so I’m treating this as a bearish continuation setup. I want to short any weak bounce into resistance and aim for the prior demand areas if sellers stay in control.