【$PLAY Signal】Waiting for a deep correction to buy, funding rate abnormally high

$PLAY RSI 1H soared to 85, funding rate at 0.093%, long position cost extremely high. Current price 0.1571 has broken above the 4H Bollinger upper band at 0.1433, but the buy depth ratio is only 0.80, and selling pressure has not eased. The 4H MACD histogram is still expanding, but the 1H volume is starting to shrink, indicating weakening momentum.
🎯Direction: Watch (place buy orders)
⚡Entry/Order: 0.1142 (recommended lower limit of entry zone)
🛑Stop loss: 0.1104
🚀Target 1: 0.1571
🚀Target 2: 0.1578
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss up to 0.1142 to break even. If price falls below 0.1104, exit decisively.
Although the current risk-reward ratio is not ideal, if a deep correction occurs near 0.1142, it’s an excellent low-entry opportunity — the 4H EMA20 at 0.1140 coincides with the order level, forming a double support. Excessively high funding rates often accompany intensified long-short battles; patiently wait for buy orders to break through before re-entering.
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