🚀 PLAY/USDT Long Setup: Momentum Breakout! 🚀
We are looking at a promising long opportunity on the $PLAY /USDT 15m chart. Buyers are stepping in with strong volume, pushing the price past a key short-term resistance zone.
📊 Trade Setup (Long):
Asset: PLAY/USDT (Perpetual)
Entry: CMP (Current Market Price) around 0.02249
Take Profit (TP): 0.02486
Stop Loss (SL): 0.02150
🧠 Technical Analysis & Trade Logic:
Resistance Breakout: After a brief period of consolidation and a minor pullback, PLAY has formed a solid bullish structure. The recent 15-minute candle has decisively broken and closed above the local resistance line (blue dashed line), signaling a shift in momentum.
Volume Confirmation: The breakout is supported by an uptick in buying volume, validating the strength of the move upward.
Trend Continuation: This setup plays into the continuation of the broader short-term uptrend we've been seeing on this timeframe, with higher highs and higher lows being established.
💡 Pro Tip for Traders:
Remember that in trading, mindset and discipline are ultimately more important than any single strategy. Stick to your risk parameters, honor your stop loss, and don't let emotions dictate your exits. Keep your position sizing reasonable!
Trade safe! 📈
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