$PLAY USDT — Rejected at highs, volatility expansion likely
$PLAY attempted to push higher but failed to hold near the top of the recent range. The rejection around the 0.088 area signals strong selling pressure, showing that buyers are struggling to maintain momentum.
Price is now hovering near the mid-range, where compression is building. This type of structure often leads to a sharp directional move, especially after a clear rejection from resistance.
Key Insight:
• Sellers defended the highs aggressively
• Momentum stalled after the upside attempt
• Market is preparing for a larger move as volatility tightens
Unless price can reclaim and hold above the recent high zone, the structure favors continuation away from resistance, with increased chances of a decisive move in the coming sessions.
trade here on $PLAY
