Current situation:
Instrument $PLAY shows increased activity. The price has approached a key psychological resistance level around $0.05, where an increase in volumes is observed.
Deal logic:
Main
idea — trading on the breakout of this level with the capture of the impulse movement,
that may follow. The scenario is based on the expectation that
the accumulated energy (volumes) will pour into a strong directional movement.
Action plan:
🎯 Goal:
Lock in profits on the impulsive movement immediately after the breakout.
The specific goal should be determined by the size of the impulse, but it is advisable to focus
on the nearest liquidity zones above the level.▶️ Trigger for entry: Breakout of the level $0.05 with confirmation. Confirmation is not just a touch, but:
Activity in the order book: Presence of large market buy orders (absorption of supply) or movement of large limit orders.
Signal on the chart: Closing of the 5-minute candle above $0.05 with good volume.
⚠️ Stop-loss (SL): Place slightly below the level $0.05 (for example, at $0.0495) to protect against false breakouts.
💡 Key condition: Entry only after breakout and receiving confirming signals. Trading on the expectation of a breakout without confirmation carries high risks.
Result:
Scenario
breakout on the 5-minute timeframe requires maximum concentration and
of quick reaction. The level $0.05 is a strong magnet for
liquidity, and its breakout can cause a rapid movement.
#play #PLAYUSDT