PLUME

PLUMEUSD Testing Key Resistance — Breakout Levels in Play!

21
✅ Key Price Levels from Chart:
Level Type Price
Entry Zone 0.09431
Stop Loss 0.09256
Target 1 0.09699
Target 2 0.09982
🎯 Trade Plan (LONG Bias):

Entry: 0.09431 — candle closing above ascending support line and horizontal resistance.

Stop Loss: 0.09256 — placed just below the rising support and recent consolidation base.

Take Profit 1: 0.09699 — first reaction zone where sellers may appear.

Take Profit 2: 0.09982 — upper resistance, a psychological level near 0.10.

Risk-to-Reward: Approx 1:2.1 — efficient setup for intraday trading.

🔍 Technical Observations:

Price has been steadily climbing with higher lows and stronger volume (233.45K).

A bullish breakout candle has pushed through a congestion area, showing strong momentum.

If volume continues, 0.10 will be tested soon.

⚠️ Risk Notes:

If price closes below 0.0925 with volume, the breakout may fail.

Consider booking partial profits at 0.09699 to protect gains.

Avoid chasing if candle retraces sharply with long wicks.

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