$PLAY – Weak Bounce Into Resistance, Momentum Fading

Trade Setup: Short (Max 10x Leverage)

Entry Zone: 0.058 – 0.061

Stop Loss: 0.066

Take Profit Targets:

• TP1: 0.054

• TP2: 0.049

• TP3: 0.044

The recent bounce has pushed into a key resistance zone, but bullish momentum is clearly starting to fade. While buyers managed to extend the move higher, the lack of strong follow-through signals exhaustion. Price action is becoming increasingly choppy, indicating indecision and weakening control from the upside.

With the rally stalling at resistance, the probability shifts toward a pullback as sellers begin to re-enter the market. If momentum continues to cool, this area presents a solid opportunity for a short position targeting lower support levels.

Trade $PLAY here 👇

PLAYUSDT

Perp

0.06319

+22.22%