$PLAY Bounces from Support Zone, Long with Discipline
Long PLAY Trading Plan (10x)
Entry: 0.08677 – 0.08765
SL: 0.08302
TP1: 0.09035
TP2: 0.09244
TP3: 0.09559
The 0.08677 – 0.08765 zone is showing signs of bouncing up after a correction. The price has held firm above the crucial support zone, not breaking below 0.08302, and buying pressure is starting to reappear – a sign of a recovery towards the resistance levels above.
The SL is placed below 0.08302, a relatively clean zone. If this level is lost, the long scenario will be invalidated. Step by step targets: 0.09035 → 0.09244 → 0.09559. Each take profit (TP) is quite far apart (~2-4% from entry), be patient and take profits gradually.
The distance from entry to stop loss (SL) is quite wide (~4.3-5.3%). Divide your capital and manage risk well.
Do you think this area is stable? Or is there still a risk of further decline? Comment to discuss! 🚀