🚨 PLAYUSDT: Is This 4H Bounce Running Into a Wall?
$PLAY has surged nearly 38% today, but the bigger 4H structure still shows a strong downtrend.
Price is now around $0.00874 after rebounding from the $0.00609 low. The recent spike toward $0.01121 was rejected, showing that selling pressure is still present.
📉 Key levels to watch:
Resistance: $0.00995 – $0.01121
Current price: $0.00874
Support: $0.00777
Major support: $0.00609
My bias is SHORT while the recovery struggles below resistance. A rejection could bring another test of lower support, although a strong move above $0.01121 would weaken this bearish view.
One more thing: a scheduled PLAY token unlock is listed for November 30, so supply pressure is worth watching.
Can PLAY hold this recovery, or will sellers take control again?
#play #PlaysOut #cryptotrading
$PLAY has surged nearly 38% today, but the bigger 4H structure still shows a strong downtrend.
Price is now around $0.00874 after rebounding from the $0.00609 low. The recent spike toward $0.01121 was rejected, showing that selling pressure is still present.
📉 Key levels to watch:
Resistance: $0.00995 – $0.01121
Current price: $0.00874
Support: $0.00777
Major support: $0.00609
My bias is SHORT while the recovery struggles below resistance. A rejection could bring another test of lower support, although a strong move above $0.01121 would weaken this bearish view.
One more thing: a scheduled PLAY token unlock is listed for November 30, so supply pressure is worth watching.
Can PLAY hold this recovery, or will sellers take control again?
#play #PlaysOut #cryptotrading
