đ $YGG â Bearish Short Setup | Rejection Near Resistance
SHORT đŽ
Entry Zone: $0.02735 â $0.02750
Stop Loss (SL): $0.02790
đŻ Take Profit:
- TP1: $0.02700
- TP2: $0.02670
- TP3: $0.02635
đ Market Analysis:
YGG is facing selling pressure near $0.0278 after recovering from its recent lows. The 1H chart suggests that the recovery could lose strength if sellers continue defending this resistance area and price slips below the $0.0270 support level.
The planned short entry zone is $0.02735â$0.02750. If price shows a clear rejection and bearish momentum develops, the first target is $0.02700. A confirmed breakdown below this level could open the way toward $0.02670, with $0.02635 as the final downside target.
đ Key Level:
The $0.0270 support level is crucial for confirmation. A decisive breakdown could strengthen the bearish setup and encourage further selling. However, a sustained move above $0.0278 would weaken the short thesis and suggest buyers may be regaining control.
â ïž Risk Note:
Wait for confirmation before entering, especially while price is testing support. Keep the $0.02790 stop loss in place, manage position size carefully, and avoid chasing sudden moves. All targets are potential outcomes, not guaranteed profits.
Bearish bias while $0.0278 caps price and sellers maintain pressure. đ
Sell and Trade $YGG here đ
DYOR.
SHORT đŽ
Entry Zone: $0.02735 â $0.02750
Stop Loss (SL): $0.02790
đŻ Take Profit:
- TP1: $0.02700
- TP2: $0.02670
- TP3: $0.02635
đ Market Analysis:
YGG is facing selling pressure near $0.0278 after recovering from its recent lows. The 1H chart suggests that the recovery could lose strength if sellers continue defending this resistance area and price slips below the $0.0270 support level.
The planned short entry zone is $0.02735â$0.02750. If price shows a clear rejection and bearish momentum develops, the first target is $0.02700. A confirmed breakdown below this level could open the way toward $0.02670, with $0.02635 as the final downside target.
đ Key Level:
The $0.0270 support level is crucial for confirmation. A decisive breakdown could strengthen the bearish setup and encourage further selling. However, a sustained move above $0.0278 would weaken the short thesis and suggest buyers may be regaining control.
â ïž Risk Note:
Wait for confirmation before entering, especially while price is testing support. Keep the $0.02790 stop loss in place, manage position size carefully, and avoid chasing sudden moves. All targets are potential outcomes, not guaranteed profits.
Bearish bias while $0.0278 caps price and sellers maintain pressure. đ
Sell and Trade $YGG here đ
DYOR.