【$PLAY Signal】Pullback confirmation, bulls launch a second wave

$PLAY 1H level pullback around 0.085 confirmed, buying depth is exceptionally thick in the 0.0901-0.0902 range, capital support intentions are fully exposed. The 4H MACD fast and slow lines have formed a golden cross and continue to diverge upward, although the histogram slightly contracts, the trend remains unchanged, and the price is steadily above the EMA20. The 1-hour RSI has fallen from overbought territory to 59.69, providing healthy correction space, while trading volume during the pullback did not significantly increase, indicating quick absorption of selling pressure. Market depth data shows buy orders from level one to ten far exceed sell orders, with a depth imbalance of -1.41%, a typical active capital absorption structure.

🎯Direction: Long

⚡Entry: Enter immediately at the current price around 0.0902, or accumulate in batches if it retraces to the 0.088-0.089 range.

🛑Stop Loss: Below 0.0835

🚀Target 1: 0.0960

🚀Target 2: 0.1020

🛡️Trade Management:
- Execution Strategy: After the price reaches 0.0960, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0920 and falls below 0.089 again, consider exiting early to wait and see.

Position remains stable, funding rate is only 0.0156%, with no overheating short squeeze risk, providing a healthy environment for continued bullish momentum. The 4H Bollinger upper band at 0.1022 aligns closely with the second target, serving as a clear technical resistance reference. The current risk-reward ratio is nearly 4:1, making risk manageable. This trade focuses on capturing the momentum of a secondary surge rather than betting on a reversal.

View real-time market 👇 $PLAY
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