$PLAY The price is trading at 0.0896 USD after a strong bounce from the low of 0.00609 USD to a peak of 0.01121 USD (up +41% on the day).
What are Smart Traders and the Liquidity Map telling us?
There are 90 traders in Long positions with a higher average entry price (0.01807 USD), sitting on heavy unrealized losses (-425K USDT), while the 129 shorts entered at 0.00926 USD are comfortably in the green. Be careful, because longs trapped up high are often the perfect target for whales!
The heat map: Above, between 0.0106 and 0.0128 USD, liquidity pools and stops are building up, which could make the price surge if it decides to seek another push. Below, the 0.0062 to 0.0084 USD range looks well loaded with institutional support blocks.
🔔 Tactical Plan (Alerts and Key Zones):
✔️ Looking for a Long (Bounce at support):
- Alert: Set it at 0.0082 USD.
📍 Zone to watch: Wait for the price to drop and touch the support range between 0.0075 and 0.0083 USD, then look for an entry without rushing. TP: 0.0105 USD | SL: 0.0058 USD.
✔️ Looking for a Short (Rejection at resistance):
- Alert: Set it at 0.0110 USD.
📍 Zone to watch: If the price rises back to the 0.0108 to 0.0115 USD zone and loses momentum, that’s the time to look for a rejection. TP: 0.0085 USD | SL: 0.0125 USD.
⚠️ Remember to wait for confirmation on the 15-minute candle (15m) after the sharp move, use a prudent margin, and trade with a cool head.
What do you think of PLAY? Are you hunting for a bounce down below or waiting for a short up top? Let me know in the comments!
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