$PLAY – Bounce pushing into resistance, starting to lose momentum here

Trading Plan Short $PLAY

Entry: 0.058 – 0.061

SL: 0.066

TP: 0.054

TP: 0.049

TP: 0.044

The bounce managed to extend higher but the move is beginning to fade around this zone. Buyers tried to keep pushing, though the follow-through is weakening and the structure is turning more choppy. Instead of continuation higher, price is starting to stall into resistance, and when momentum cools off like this it often leads to a pullback as sellers step back in.

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PLAYUSDT

Perp

0.05946

+64.93%