【$PLAY Signal】Multiple breakout continuation, 1H momentum remains strong

$PLAY Funding rate is 0.0177% relatively high, long positions are still heavily concentrated. The 1H Bollinger Band upper band at 0.1001 has been touched, RSI at 76.15 has not shown signs of overbought reversal. The 4H MACD histogram continues to expand, the upward structure remains intact. The order book buy depth accounts for only 54% of sell orders, but the price has not shown a significant pullback, indicating selling pressure is being quickly absorbed. Current risk-reward ratio is 1:1.5, short-term trading requires strict stop-loss protection.
🎯Direction: Long
⚡Entry/Order: 0.0990121 - 0.0993100
🛑Stop-loss: 0.0983169
🚀Target 1: 0.1007996
🚀Target 2: 0.1015445
🛡️Trade management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop-loss to break-even. If the price falls back into the entry zone, automatically exit to protect principal.
Three consecutive 1H bullish candles push the price higher, buy-side momentum remains strong. The 4H Bollinger Bands are widening, indicating a high probability of trend continuation. However, at high fees, caution is needed against long squeeze, and stop-loss must be enforced.
View real-time market 👇 $PLAY
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