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I lost 210k USDT from a hard lesson. This time, $PLAY almost caught me again.
Don't rush to call me clickbait. In July, I went all in on PLAY at 0.045, and it kept dropping to 0.021. I cut my losses at 210k USDT. Last week, I re-entered around 0.033 after it bounced back, now at 0.0377. 24-hour volume is 12.7 million, up 20.43%, with a high of 0.0383.
This trend feels exactly like my last entry—high open, low dip, then pump again. But I learned from real money: this time the trigger is on-chain data shifting. Over the past 7 days, PLAY's holding addresses increased by 12.3%, while large transfers decreased. What does that mean? Retail is buying, old money isn't dumping. It's just like last year's GameFi craze, but the sentiment is just starting.
My trading plan: Current price is only 1.6% away from the 24h high of 0.0383—chasing highs is stupid. Wait for a pullback to the 0.035-0.036 range to add more, stop loss at 0.033, if it breaks, I'm out. Take profit in two tiers: sell half at 0.04, leave the rest at 0.045. Position size kept under 15% of total capital—don't learn from my last full-margin all-in.
Remember, the key this time isn't how high it goes, but whether volume stays consistent. 24h volume of 12.7 million is still okay, but if it drops below 8 million, I'm out. Guess a number in the comments: Do you think PLAY can break 0.04 this week? I bet yes, but it needs a second dip.
Don't flame me—I'm just an old retail trader scared of losing more.