## $PLAY Market Update: Bulls Fighting Back 📊


$PLAY is showing signs of a **bottoming structure** on the 4H timeframe after a sharp correction. Currently, price is reclaiming the **MA(7)** (0.1125), indicating short-term momentum shift. The structure remains cautious as we sit below the **MA(99)** (0.1160), which serves as a major overhead hurdle.
**Smart Entry Strategy:** Wait for a solid 4H close above **0.1160** to confirm a trend reversal. Alternatively, look for a "retest-and-bounce" entry near the **0.1054** support zone (MA(25)). Keep a tight stop-loss below the recent swing low at **0.1020**.
**Targets (TP):** 1. **0.1250** (Recent swing high)
2. **0.1378** (Local wick resistance)
3. **0.1500** (Psychological breakout level)
*Not Financial Advice. Do Your Own Research.*
$PLAY
PLAY-2.2%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin