๐จ $PLAY โ Shorting Strategy | Exhaustion Move After Rally
Market Overview
$PLAY surged +45% within 24 hours, and current price action shows signs of short-term momentum exhaustion. Such rapid rallies often attract momentum buyers while creating opportunities for early longs to take profits, increasing the risk of a pullback.
Shorting Plan (Sell on Rebound)
Entry Range: $0.058 โ $0.064
Stop Loss: $0.070
Target Levels:
TP1: $0.050
TP2: $0.042
Shorting Logic
A +45% surge within 24 hours is a classic blow-off move, not a healthy trend formation.
Trading volume is active but has not significantly expanded in line with price, indicating weakening momentumโa common signal for a correction.
After a sharp vertical move, price typically needs to retrace to rebuild structure and liquidity.
As long as #PLAY fails to hold above $0.064, the probability of further downside to the previous demand zone remains high.
Execution่ฆ็น
This is a rebound-based short strategy, not a chasing short. Strict risk management is essentialโ$0.07 and above is a clear invalid level.
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