【$PLAY Signal】Pullback Entry: 1H momentum fading, 4H bullish trend not broken

$PLAY 1H trading volume sharply dropped from 146 million to 22.64 million, buy-side momentum clearly insufficient. RSI fell from 75 to 71.5, the upper band of the 4H Bollinger Bands at 0.1193 has been broken, but the current price at 0.12305 is above the outer band, indicating a pullback demand. Depth order book sell pressure -8.03%, funding rate 0.005% neutral, neither bulls nor bears have decided the outcome.
🎯Direction: Long (pending order pullback)
⚡Entry/Order: 0.12243
🛑Stop Loss: 0.09851
🚀Target 1: 0.12310
🚀Target 2: 0.12359
🛡️Trade Management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect principal.
Although the current risk-reward ratio is low, the 4H ascending wedge has not been broken, and after a short-term pullback support, there is still momentum for a rally.
View real-time market 👇 $PLAY
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