$PLAY — Pullback in Progress, Key Support Zone in Play
Long $PLAY
• Entry: 0.0388 – 0.0394
• Stop Loss: 0.0377
Targets:
• TP1: 0.0425
• TP2: 0.0450
• TP3: 0.0480
PLAY is showing a clear pullback after a sharp move down, and price is now sitting on a strong support zone around 0.0388 – 0.0392. The 1D timeframe shows the market is deeply corrected, while the 4H is trying to stabilize after a sequence of lower highs. On the 1H, momentum is weak, but this kind of compression often builds pressure for a bounce.
This looks like a healthy correction setup if buyers defend the current base. A reclaim above 0.0405 would strengthen the bullish case and open the door toward higher resistance levels. The structure stays valid as long as the 0.0388 psychological floor holds.
Manage risk strictly and watch for a volume spike on the rebound!
Trade $PLAY here 👇🏻
