【$PLAY Signal】1H breakout and pullback, capital support intentions exposed

$PLAY After a volume breakout on the 1H timeframe and a pullback, the current price of 0.03722 falls right within the middle band of the 4-hour Bollinger Bands and above the 1-hour EMA20. The order book shows deep buy-side volume, with the top 20 bid orders being 1.55 times larger than the sell orders, fully revealing the capital support intention. The 4-hour MACD bearish momentum continues to shrink, while the 1-hour has already turned bullish with a golden cross, indicating a short-term momentum shift.

🎯Direction: Long

⚡Entry/Orders: Buy in batches between 0.03632 and 0.0370

🛑Stop Loss: 0.0355

🚀Target 1: 0.0402

🚀Target 2: 0.0428

🛡️Trade Management:
- Execution Strategy: Reduce half of the position after reaching the first target, and move the remaining stop loss up to the entry price. Close all positions near the second target.

Position remains stable during price oscillation, with no signs of panic selling. The 1-hour RSI has recovered from oversold levels to 54, indicating healthy momentum. The sell orders in the 0.0374 to 0.0376 area are relatively sparse, making it the first resistance zone to test. The risk-reward ratio exceeds 4, making this potential setup attractive.

Check real-time market 👇 $PLAY
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