$$PLAY A 34% plunge is actually the healthiest signal in the crypto world; this bloodbath is just giving you money

The price of 0.0691 has already fallen below everyone's psychological barrier, but the 24-hour trading volume still reaches 86 million USD. What does this indicate? When the whales are dumping, there are still people frantically catching falling knives. The retail investors always think they can buy the bottom. I'll just give you the conclusion: 0.1080 is a short-term strong top, and the lowest point at 0.0627 will probably break within two days. Those trading contracts now are just feeding fuel to the main players.

Don’t talk to me about technical analysis; just look at the data. From the highest point of 0.1080 to 0.0627 within 24 hours, a drop of over 40%, and the rebound can't even hold at 0.07. This clearly shows that the main players are clearing out their positions after distributing chips at high levels. You think you’ve caught the bottom? The main players still haven't sold all their holdings. Every rally now is just a trap to lure more buyers.

My trading advice is straightforward to the point of being annoying: enter a small short position near the current price of 0.0691, set a stop-loss at 0.0750, and take profit at 0.0550. Keep your position below 10%, don’t think about going all-in to get rich overnight. This drop still has at least 20% more to go before hitting the real bottom. If 0.0627 is broken, the next support level is directly at 0.0450.

I know you’ll definitely call me a FOMO dog, but feel free to argue in the comments. I bet 80% of the people below this post are long above 0.08, now caught in a dead-long position and afraid to cut losses. Dare to vote: do you think $PLAY will rebound to 0.08 tomorrow or break below 0.06? The right answer will earn you a special short-selling strategy tomorrow. $