$GS bullish trap is over now
Short $G
Entry: 0.00620 – 0.00720
SL: 0.00950
TP1: 0.00570
TP2: 0.00510
TP3: 0.00460
TP4: 0.00380
Why:
$G just went through a massive spike to 0.015134 before getting hit with a sharp rejection. Price has now fallen below the MA(7) and is also trading below the MA(25), while MACD has started turning bearish. The huge rejection candle shows aggressive selling after the pump, and volume remains elevated. If 0.00620 breaks cleanly, the pullback could accelerate toward the lower targets.
Short $G
Entry: 0.00620 – 0.00720
SL: 0.00950
TP1: 0.00570
TP2: 0.00510
TP3: 0.00460
TP4: 0.00380
Why:
$G just went through a massive spike to 0.015134 before getting hit with a sharp rejection. Price has now fallen below the MA(7) and is also trading below the MA(25), while MACD has started turning bearish. The huge rejection candle shows aggressive selling after the pump, and volume remains elevated. If 0.00620 breaks cleanly, the pullback could accelerate toward the lower targets.
