PLAY Analysis (4H)

336
It seems that the price is currently completing wave g of B. After this wave is completed, we can expect an upward move. The best area for wave g to complete is around the green lines marked on the chart, which represent our entry zones.

Please note that due to the high volatility of this coin, this setup is suitable for the spot market only, not futures

The targets are marked on the chart. A daily candle close below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade chiuso: obiettivo raggiunto
After the drop and hitting the demand zone, the first and second targets were reached, and it pumped more than 33%.
istantanea

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.