【$PLAY Signal】Pullback to go long, 1H level buildup and then attack

$PLAY 1H level surge and pullback, current price around 0.0626 with sideways consolidation. The upper band of the 4-hour Bollinger Bands at 0.0631 forms short-term resistance, but the MACD histogram remains above zero and expanding, indicating bullish momentum has not exhausted. The 1-hour chart EMA20 at 0.0545 provides dynamic support, closely aligning with the suggested entry zone of 0.05286-0.05423.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.05286 - 0.05423

🛑Stop Loss: 0.05070

🚀Target 1: 0.06834

🚀Target 2: 0.07539

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, move the remaining stop loss up to the entry price. If the price fails to hold above 0.0545 and drops back below the entry zone, abandon this trade.

Position size remains stable. The price has pulled back nearly 20% from the high but did not trigger large-scale liquidation, indicating chips are still relatively locked. Market data shows buy orders accumulating around 0.0625, but selling pressure above 0.0627 has noticeably increased, requiring a volume surge to break through. The current risk-reward ratio is close to 4:1, making this a good opportunity to risk limited capital on a potential hourly rebound continuation.

Check real-time market 👇 $PLAY
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