【$PLAY Signal】Waiting for a pullback, 1H momentum exhaustion

$PLAY 1H level MACD death cross, 4-hour Bollinger upper band at 0.1873 showing clear resistance, buying depth imbalance -1.82%.
Price repeatedly tests around 0.175, bulls lack upward momentum.

🎯Direction: Watchful, wait for a pullback to go long.

⚡Entry/Order: Place a trap near the lower boundary of the 0.12405 - 0.17444 pullback zone.

🛑Stop loss: 0.09781

🚀Target 1: 0.17653

🚀Target 2: 0.20276

🛡️Trade management: - Execute strategy: Reduce 50% of position after reaching Target 1, and move stop loss to breakeven.
If price falls back into the entry zone, exit automatically to protect principal.

The 4-hour MACD histogram is contracting, upward momentum slowing.
The 1-hour EMA50 at 0.1296 is close to the lower edge of the suggested entry zone, forming a potential resonance support.
Current funding rate at 0.1485% is relatively high, chasing the rally directly carries higher risk, better to wait for a healthy pullback.
The market needs a chip turnover to digest short-term profit-taking.

Check real-time market 👇 $PLAY
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