【$PLAY Signal】Healthy Cool-down After Long Position + Volume Breakout
$PLAY After a volume surge of over 60%, the price is consolidating in a narrow range at high levels. This is a typical cool-down after a breakout, with the market showing very light selling pressure and buying absorbing profit-taking, preparing for the next surge.
🎯 Direction: Long
🎯 Entry: 0.1150 - 0.1180
🛑 Stop Loss: 0.1080 ( Rigid stop loss, invalidates the structure if broken)
🚀 Target 1: 0.1350
🚀 Target 2: 0.1500
Core Logic: The price consolidating at the top of a massive bullish candle indicates strength rather than a top. High open interest (OI) combined with stable prices suggests that the main funds have not exited, indicating healthy liquidity reset. Corrections on lower time frames (LTF) are quickly absorbed, shifting market psychology from FOMO to holding positions and waiting for a rally. Key support is near the previous high of 0.1080; as long as it is not broken, the probability of moving upward remains favorable.
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【$PLAY Signal】Healthy Cool-down After Long Position + Volume Breakout
$PLAY After a volume surge of over 60%, the price is consolidating in a narrow range at high levels. This is a typical cool-down after a breakout, with the market showing very light selling pressure and buying absorbing profit-taking, preparing for the next surge.
🎯 Direction: Long
🎯 Entry: 0.1150 - 0.1180
🛑 Stop Loss: 0.1080 ( Rigid stop loss, invalidates the structure if broken)
🚀 Target 1: 0.1350
🚀 Target 2: 0.1500
Core Logic: The price consolidating at the top of a massive bullish candle indicates strength rather than a top. High open interest (OI) combined with stable prices suggests that the main funds have not exited, indicating healthy liquidity reset. Corrections on lower time frames (LTF) are quickly absorbed, shifting market psychology from FOMO to holding positions and waiting for a rally. Key support is near the previous high of 0.1080; as long as it is not broken, the probability of moving upward remains favorable.
Trade here 👇 $PLAY
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