🚨$PLAY is a SHORT, exhaustion move after a sharp spike.
Short setup:
• Entry: $0.061–$0.064 (sell strength)
• Stop loss: $0.07
• Targets: $0.050 → $0.042
Why short:
PLAY is up +45% in 24h, a classic short-term blow-off move. Volume is active but not expanding aggressively relative to the spike, increasing the risk of profit-taking and distribution.
After such vertical moves, price often retraces to rebuild structure. As long as PLAY fails to hold above $0.064, downside continuation toward prior demand zones is favored