【$PLAY Signal】Long Position + Healthy Reset After Breakout with Volume Surge



$PLAY After a single-day surge of 38%, it is now cooling and consolidating at a high level. This is a typical healthy reset and profit-taking digestion, not a top formation. The order book shows strong absorption of buy orders, with no signs of panic selling.

🎯 Direction: Long

🎯 Entry: 0.0950 - 0.1000

🛑 Stop Loss: 0.0890 ( Rigid stop loss, invalidates the structure if broken )

🚀 Target 1: 0.1180

🚀 Target 2: 0.1350

After the volume surge breakout, the price consolidates above the previous high resistance zone, which now acts as support. This structure is characteristic of a strong market, indicating that major funds have not exited but are absorbing short-term profit-taking. Retracements on lower timeframes are quickly bought back, shifting market psychology from FOMO to calm holding. As long as key support levels are not broken, higher highs are just a matter of time. Small losses for big gains—here, the focus is on increasing the probability of trend continuation after the breakout.

Trade here 👇 $PLAY

---

Follow me: Get more real-time analysis and insights into the crypto market!
#Gate广场创作者新春激励 #金价突破5200美元 #内容挖矿焕新公测开启 #中东局势升级
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)