【$PLAY Signal】Pullback to buy, main force clearly intends to support

$PLAY 1H level consolidating at high position, 4H MACD golden cross shows sustained momentum, but 1H MACD histogram slightly shrinking indicates short-term momentum is easing. Market data reveals key information: buy orders in the 0.0605 to 0.0606 range far exceed sell orders above, fully exposing the capital support intention. Currently, the price is running along the upper band of the 1H Bollinger Bands, RSI on 1H around 65, not entering extreme overbought territory, leaving room for healthy correction.

🎯Direction: Long

⚡Entry/Order: 0.05490 - 0.05632 staggered accumulation

🛑Stop Loss: 0.04960

🚀Target 1: 0.08319

🚀Target 2: 0.09662

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by 50% to lock in profits, move the remaining stop loss up to the entry price. If the price cannot hold above the 1H EMA20 (about 0.0566), consider exiting early.

Position volume remains stable amid high-level oscillations, indicating that bulls have not exited in large numbers. Combined with positive funding rates, market bullish sentiment persists, but caution is needed for short-term profit-taking corrections. The 0.054-0.056 zone below is a dense area of 1H moving averages and the previous breakout platform, likely to provide strong support. Under this structure, the risk-reward ratio exceeds 4, making it worthwhile to use smaller risk to bet on trend continuation.

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