【$PLAY Signal】Pullback to buy / Main force clearly intends to support the market

$PLAY After a violent surge on the 1H timeframe, the price consolidates at high levels. The 4H Bollinger Bands are fully open, and the price has broken above the upper band. RSI has soared to 85.94, indicating short-term overbought conditions, but open interest remains stable, and funds have not exited. The buy order depth is 1.86 times the sell order depth, with thick orders around 0.074 below, which is a typical support from institutional funds.

🎯 Direction: Pullback to go long

⚡ Entry: Be patient and wait for a pullback to the 0.0487 - 0.0499 range, then enter in batches.

🛑 Stop loss: Below 0.0485

🚀 Target 1: 0.0557

🚀 Target 2: 0.0586

🛡️ Trading management:
- Execution strategy: Half position at the first target, remaining position’s stop loss moved up to the entry price. If the price cannot hold above 0.049, exit proactively and wait.

After the 4H MACD shows a golden cross, the histogram continues to expand, indicating bullish momentum is still releasing. Despite high funding rates, open interest remains strong during price consolidation, showing strong support from the main force. The 1H timeframe needs a healthy correction to digest overbought conditions; a pullback to the EMA20 area is an excellent second entry opportunity. The risk-reward ratio exceeds 4, making this setup worth trying.

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