PLA is currently swept the order block zone at 0.2227, a crucial level that's been making my bullish radar go off. This zone has been a significant area of interest, and the fact that we're seeing a bounce off it tells me that the bulls are still in control. Looking at the chart, I can see that the RSI is at 69, indicating a slight overbought condition, but the HTF is still bullish, which suggests that this move has legs.
From a technical standpoint, the price action is looking robust, with volume surging to 4.5x, a clear sign that the big boys are taking notice. The SMC Score is at 4.1/10, which is relatively low, but I believe this is a case of the market being overly pessimistic. The fundamentals for PLA are strong, and I think we're on the cusp of a significant breakout.
Here are the trade levels:
Entry: 0.22270
TP1: 0.24110 (RR 2.9x)
TP2: 0.26870 (RR 7.3x)
SL: 0.21637
I'm long $PLAUSDT, targeting 0.2411, with a stop at 0.21637. If you're following me, make sure to keep an eye on the order block zone, as this is where the magic is happening.
Follow my signals and let's ride this wave together!
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