PLUME/USDT (1D) — Decision: Major Reversal or Deeper Correction?🔎 Technical Outlook
PLUME is currently at a critical stage after months of decline since April. The price has found a strong demand zone around 0.076–0.082, aligned with a daily Order Block, reinforced by a Fair Value Gap (FVG) highlighting an imbalance zone that often acts as a turning point.
From this zone, PLUME bounced sharply toward 0.100–0.106, which now stands as the first key resistance. This strong reaction suggests accumulation by larger players — but the real battle begins here: will PLUME break above 0.10674 to confirm a bullish reversal, or face rejection and revisit the demand zone?
---
🟢 Bullish Scenario
1. Upside Confirmation:
A daily close above 0.10674 would signal short-term bullish momentum. Breakout could open the path toward higher resistance levels:
Target 1: 0.12445
Target 2: 0.13931
Target 3: 0.14973
Major Upside Zone: 0.19851 → 0.23145
2. Entry Ideas:
Conservative: wait for a retest at 0.090–0.092 (FVG) with stop-loss below 0.078.
Aggressive: buy after a daily close above 0.10674 with volume confirmation.
3. Why Bullish Could Work:
Strong bounce from demand zone.
FVG often gets filled before continuation.
Breaking 0.10674 would form a higher high and signal structure shift.
---
🔴 Bearish Scenario
1. Rejection at Resistance:
If the price fails to break 0.10674, PLUME is likely to revisit:
The FVG area (0.087–0.091).
The Order Block (0.076–0.082).
2. Breakdown of Demand Zone:
Losing this support zone could send PLUME lower toward 0.065.
3. Short Setup Idea:
Entry: rejection near 0.105–0.107 with bearish confirmation.
Stop-loss: above 0.112.
Take-profit: first at 0.087–0.091, then 0.076–0.082.
---
📌 Pattern in Play
Order Block + FVG: strong demand zone overlap.
Potential Reversal Zone: could mark a major turning point.
Key Pivot: 0.10674 — breakout or rejection here will define the next trend.
---
📝 Conclusion
PLUME is at a make-or-break moment:
Bullish Valid: daily close above 0.10674 → opens the way to 0.124–0.149 and potentially higher.
Bearish Valid: rejection at resistance and breakdown of the Order Block → downside risk toward 0.065.
The 0.076–0.091 demand zone is the last line of defense for buyers.
⚠️ Always apply strict risk management, as this setup is highly prone to false breakouts and fake pumps.
---
#PLUME #PLUMEUSDT #Crypto #TechnicalAnalysis #Altcoin #OrderBlock #FVG #PriceAction #CryptoTrading #SupplyDemand
