$PLUME : Testing Support With Eyes on Recovery
Plume has faced selling pressure today, sliding by over 7% to hover near $0.1069. The 15m chart shows a battle between buyers and sellers, with price rejecting multiple times near $0.1110 resistance before retracing back to test the $0.1050–0.1070 support zone. Short-term structure suggests accumulation around these levels, where bulls may attempt to defend support for a potential rebound. If buyers step in strongly, a push back toward $0.1120 could follow, breaking which may open a path toward $0.1180. On the downside, losing $0.1040 may invite further weakness toward $0.1000 psychological support.
Trade Setup
Entry: $0.1060–0.1070
TP1: $0.1120
TP2: $0.1180
Stop: $0.1040
Risk management is key—allocate wisely and avoid over-leveraging. Plume remains a promising infrastructure play, but short-term volatility calls for discipline.
