#Gate蓝龙虾重磅上线 #伊朗在霍尔木兹海峡布设水雷 #原油价格回落 【$PLAY Signal】Pullback to add longs + 1H retest confirmation, main force's intention to defend the market is clear

$PLAY 1H level, after experiencing yesterday's sharp rise, is currently in a healthy retracement phase, with the price consolidating around 0.0403. The 4H level shows that the price has strongly broken through the previous oscillation platform, but the short-term gains are too large, requiring a retest to confirm support. The current 1-hour chart shows the price retesting near the EMA20, with buy orders far exceeding sell orders, indicating strong support below. Open interest remains stable and has not dropped significantly due to the price correction, implying that main capital has not exited but is instead defending the market and accumulating positions here. RSI on the 1H chart has fallen from the overbought zone to a healthy area, preparing for another upward move.

🎯Direction: Long (buy on pullback)

⚡Entry/Orders: 0.0367 - 0.0376, staggered entries

🛑Stop Loss: 0.0332

🚀Target 1: 0.0553

🚀Target 2: 0.0641

🛡️Trading Management:

- Execution Strategy: It is recommended to enter in two batches within the suggested range. After reaching Target 1, reduce positions by 50% and lock in profits, while moving the stop loss of the remaining position up to the entry price. If the price strongly breaks through Target 1, move the stop loss of the remaining position to break even and hold for Target 2.

Depth Logic: Market depth data shows that buy orders are unusually thick, with an imbalance ratio close to 20%, indicating large funds have placed a significant number of buy orders below, creating substantial downward resistance. The 1H RSI has fallen from a high of 81 to around 60, releasing overbought pressure and restoring momentum structure. Combined with the 4H chart, yesterday’s massive bullish candle has established a short-term upward trend, and the current retracement volume is shrinking, a typical upward continuation pattern. Although the funding rate is positive, it has not reached an extremely crowded level, so there is still a risk of short squeeze. Overall, the pullback is an opportunity.

Check real-time market 👇 $PLAY

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