🔍 $G
Testing Key Zone: Breakout or Fakeout? 📈
$G is currently hovering near 0.00399, maintaining its ground above short-term support after a recent impulse move. On the 15m chart, we see tight consolidation just below the 0.00420 – 0.00440 resistance—a major supply area.
Healthy volume suggests traders are watching this closely. A clean reclaim of the 0.00420 level could ignite the next leg up, while a failure to hold support may lead to a deeper discount.
📌 Trade Idea (Long Setup)
Entry Zone: 0.00395 – 0.00400
Take Profit 1: 0.00425 (Initial Resistance)
Take Profit 2: 0.00450 (Breakout Target)
Stop-Loss: 0.00375
💡 Strategy Note
Wait for a clear 15m candle close above resistance or a confirmed higher low before scaling in. Chasing inside a consolidation zone increases risk—patience is your best tool here. Always manage your risk, especially with low-cap volatility!
Nabiha Noor
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