🚀 The double plan for the currency $PLAY — Will the rocket rise continue? 📈🔥
The PLAY chart on the hourly frame shows a sharp price explosion and strong buying momentum, with the price successfully jumping from levels of $0.030 to a peak of $0.06450. The price is currently trading at $0.05928, stabilizing above the moving averages (EMA 7, 25, 99). The RSI indicator at 64.7 indicates strong positive momentum with good room for upward movement before entering saturation areas.
💰 Proposed settings:
Order type: Stop Limit
🔼 Bullish scenario (continuation of the explosion)
🟢 Stop Limit Buy
- Activation: 0.06480
- Targets: 0.07000 ⬅️ 0.07800 ⬅️ 0.08500
- Stop loss: 0.05800
Idea: Breaking the last recorded peak at $0.06450 and staying above it will open the door to continue soaring towards new price levels with high liquidity flow (3.01B PLAY).
🔽 Bearish scenario (beginning of technical correction)
🔴 Stop Limit Sell
- Activation: 0.05300
- Targets: 0.04800 ⬅️ 0.04400 (EMA 99) ⬅️ 0.03800
- Stop loss: 0.06100
Idea: Breaking the psychological support level at $0.055 and the EMA 25 average means starting a profit-taking wave to cool down the indicators and retest the initial launch areas.
⚠️ Trade management:
✔ Activate both orders together (buy the breakout / sell the breakdown).
✔ Once one of the orders is activated, manually cancel the other immediately.
✔ Full commitment to the stop loss is key to protecting your capital amidst these high fluctuations.