The 0.2227 level on PLA is being swept as we speak, and this is the exact moment we've been waiting for - a clear indication that the bulls are taking control. Looking at the chart, we can see a beautiful order block zone being tested, and the RSI of 69 is telling us that we're not overbought just yet. The volume is also worth noting, with a 4.5x increase, showing us that there's real interest in this move.
From a technical standpoint, the higher time frames are looking bullish, and the SMC Score of 4.1/10 is giving us a green light for a long position. We're seeing a clear rejection of the lower prices, and the bulls are pushing hard to break through the 0.2411 level.
Here are the trade levels:
- Entry: 0.22270
- Take Profit 1: 0.24110 (RR 2.9x)
- Take Profit 2: 0.26870 (RR 7.3x)
- Stop Loss: 0.21637
I'm long on $PLAUSDT, and I'm managing my risk accordingly. If you're following along, make sure to keep a close eye on the order block zone and be ready to adjust your position as needed.
Stay sharp, and let's ride this wave - PLA is looking strong!
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