PLY - Could be a Range Bound Trade

PLY seems to be moving in a range at the moment, and current price action shows that it has got bullish at the lower edge of the range and expected to move up towards the higher edge of the range. My trade plan is given belwo:

TP - $0.460 (potential gain 22%)
Stoploss - $0.320

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade