$PLAY – Overextended bounce, trap ready to unwind 📉

Trading Plan Short $PLAY

Entry: 0.165 – 0.195

SL: 0.21497

TP: 0.12818

TP: 0.06520

TP: 0.00565

Price pushing higher after a sharp move but showing signs of exhaustion near the top of the range. The bounce lacks strong continuation, indicating it may be a liquidity trap rather than real strength. Sellers are stepping in around the $0.165–$0.195 zone, turning it into a supply area. As long as $0.21497 holds, upside remains capped. A break below $0.12818 can trigger a strong unwind toward $0.06520 and $0.00565 as downside momentum accelerates.

Trade $PLAY here 👇