$PLAY Signal】Short + 4H Weak Rebound Encountering Resistance


$PLAY 4H MACD Histogram -0.0027, Bearish momentum continues to narrow but has not turn positive. 1H MACD Golden Cross expanding, price pulls back above EMA20_1h. Depth -0.60% indicates selling pressure is heavy. After a 24.78% increase, volume at high levels, buy volume ratio 0.48 shows active buying is weakening. Current price 0.0933 close to Bollinger middle band 0.0988, upper band 0.1483 forming resistance.
🎯Direction: Short
⚡Entry/Order: 0.0933 - 0.1028
🛑Stop Loss: 0.1227
🚀Target 1: 0.0630
🚀Target 2: 0.0431
🛡️Trade Management: - Execute strategy: reduce 50% after reaching Target 1, and move stop loss down to entry price. If price rebounds and breaks through stop loss, exit immediately.
1H RSI 61.44 not in overbought zone, but 4H RSI 48.80 indicates a slightly weak middle range. Under this structure, if the price cannot stay above 0.1028, the bears will dominate the next downward move. From risk-reward perspective, a 2.0x ratio is acceptable.
Check real-time market 👇 $PLAY
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#Gate广场五月交易分享 #比特币跌破8万美元 #美伊冲突再升级
BTC0.13%
ETH-0.1%
SOL1.28%
View Original
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