Recently, PLAY's performance has indeed been worth paying attention to. From $0.049 to $0.052, the contract market has shown clear signs of active capital, which is not typical retail trading—there is significant institutional funding involved behind the scenes.

Looking at the liquidation data, the total short liquidation within 24 hours reached $347,000, compared to $233,500 for longs, indicating that the pressure on shorts is much greater. This imbalance in liquidations usually means that short sellers are being forced to close positions repeatedly, becoming a driving force for the price to rise.

On the candlestick chart, the price has already broken through previous moving average resistance, and the upward trend channel has opened, showing strong momentum. However, technical indicators give another signal—the RSI has soared to 74.82, which is a typical overbought zone. Historical experience tells us that extreme overbought conditions often lead to a correction.

This correction could be an opportunity to enter. If you are optimistic about the medium-term trend, consider gradually accumulating during the pullback, targeting key levels at $0.0545 and $0.0660.

Trading ultimately is a game of probabilities; the key is to act at high-probability moments.