【$PLAY Signal】Long + Healthy Reset After Breakout with Volume Surge
$PLAY After a single-day surge of 53%, it is now undergoing a cooling and consolidation phase at high levels. This is a typical healthy reset after major players enter, rather than a top distribution. The order book shows continuous absorption of buy orders at key support levels, and the selling pressure from short squeezes has been effectively digested.
🎯 Direction: Long
🎯 Entry: 0.108 - 0.112
🛑 Stop Loss: 0.102 ( Rigid stop loss, invalidates the structure if broken)
🚀 Target 1: 0.135
🚀 Target 2: 0.150
The volume surge accompanied by a spike in open interest indicates a clear signal of main capital entering. After the breakout, there was no panic selling; instead, a tight flag formation at high levels suggests continued strength. The retracements on lower timeframes were quickly absorbed by buy orders, indicating market sentiment has shifted from bearish dominance to bullish control. The current retracement is a high-probability, low-risk entry point with an excellent risk-reward ratio.
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【$PLAY Signal】Long + Healthy Reset After Breakout with Volume Surge
$PLAY After a single-day surge of 53%, it is now undergoing a cooling and consolidation phase at high levels. This is a typical healthy reset after major players enter, rather than a top distribution. The order book shows continuous absorption of buy orders at key support levels, and the selling pressure from short squeezes has been effectively digested.
🎯 Direction: Long
🎯 Entry: 0.108 - 0.112
🛑 Stop Loss: 0.102 ( Rigid stop loss, invalidates the structure if broken)
🚀 Target 1: 0.135
🚀 Target 2: 0.150
The volume surge accompanied by a spike in open interest indicates a clear signal of main capital entering. After the breakout, there was no panic selling; instead, a tight flag formation at high levels suggests continued strength. The retracements on lower timeframes were quickly absorbed by buy orders, indicating market sentiment has shifted from bearish dominance to bullish control. The current retracement is a high-probability, low-risk entry point with an excellent risk-reward ratio.
Trade here 👇 $PLAY
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$PLAY
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