$PLAY
Market Structure
$PLAY$ is transitioning into a bullish continuation after a sharp pullback that successfully defended higher support. The prior impulse move was strong, followed by a corrective leg that swept weak hands and immediately reclaimed structure. Current candles are forming higher lows, signaling trend resumption rather than reversal.
Liquidity & Zones
Sell-side liquidity below $0.08000$ has been swept decisively, triggering a strong rebound. Price is now consolidating above reclaimed demand, which shows absorption. Buy-side liquidity is clearly resting above $0.08500$ and extends toward the $0.08900$ area, acting as the next upside magnet.
Support & Resistance
Key support sits between $0.08080$ and $0.08180$, where buyers stepped in aggressively. As long as this zone holds, downside risk remains limited. Immediate resistance is at $0.08490$, followed by a higher resistance band near $0.08900$.
Trade Plan
EP (Entry Price): $0.08190$ to $0.08270$
TP1 (Take Profit): $0.08490$
TP2 (Take Profit): $0.08720$
TP3 (Take Profit): $0.08900$
SL (Stop Loss): $0.07980$
Current trend strength favors bulls, with structure holding above higher-timeframe support.
Momentum has reset after the pullback and is rebuilding, which supports continuation.
Price is likely to move higher as long as demand continues to defend the $0.08180$ zone and target resting liquidity above recent highs.
#BTC100kNext? #CPIWatch #BTCVSGOLD #USCryptoStakingTaxReview #WriteToEarnUpgrade