$PLAY Long Liquidation Update
Long positions totaling $1.3262K were liquidated at $0.06126, clearing weak leverage and resetting short-term positioning.
Market Structure
Price is stabilizing after the liquidation sweep, indicating selling pressure is being absorbed rather than extended. This reset keeps the bullish breakout scenario in play if support holds.
Key Levels
Support: $0.0610 – $0.0595
Resistance: $0.0640 → $0.0685
Bullish Trade Setup
Entry: Break and hold above $0.0640, or a strong reclaim from the $0.061 zone
Targets:
TP1: $0.0685
TP2: $0.0730
Stop Loss: Below $0.0588
Market Sentiment
The liquidation flushed weak longs and improved risk conditions for fresh entries. If buyers defend support and volume expands through resistance, momentum can rotate decisively back to the upside.
Bullish bias strengthens on acceptance above resistance while structure remains intact.
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