There is no end of really good headphones in your price range.
My son is a sound engineer for a large concert venue and we got him a set of Audio-Technica ATH M50X Full Size Headphones for his birthday that are the industry standard for this type of work. Those can be found for just over your limit at $119. If you go one model back (the ATH M40X) you can find them for $79.
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