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$PLAY has shown strong bullish momentum after a sharp impulsive move, followed by a healthy pullback and consolidation. Price action is forming a higher-low structure, indicating buyers are still in control. Volume expansion during the rally confirms strength, while the current range suggests accumulation before the next move.
Market Bias: Bullish
Trade Type: Long
Entry Zone (Long):
• 0.0405 – 0.0415 (pullback & support retest zone)
Targets (TP):
• TP1: 0.0448
• TP2: 0.0470
• TP3: 0.0505
Stop Loss (SL):
• 0.0388 (below key support and structure)
Risk Management:
Risk only a small portion of capital per trade, wait for confirmation near the entry zone, and trail stop loss as targets are hit to protect profits.
#SupportResistance #PriceAction #TrendAnalysis #CryptoTrading #TechnicalAnalysis