PLAY/USDT — Short Setup on Weak Momentum
$PLAY is showing a regular RSI divergence, a pattern that often appears before downside continuation rather than reversals in weak structures.
Price has failed to build acceptance higher, and recent bounces lack follow-through — a classic sign of distribution.
PLAYUSDT
Perp
0.06615
-2.90%
Short idea:
Entry: ~0.0738
Invalidation (SL): 0.0777 (-5.3%)
Targets: Manage dynamically based on momentum and liquidity
This is not a spot market. It’s a fade-the-bounce environment.
As long as price stays below resistance and momentum remains capped, rallies are opportunities not confirmation.
Risk first. Let the market do the rest.