This is a short trade idea for $G USDT, targeting a move downward based on technical analysis. Here’s a summary of the setup:
Trade Details:
Entry: $0.0378
Stop Loss: $0.0392 (above resistance)
Take Profit Targets:
TP1: $0.0365
TP2: $0.0358
Analysis Behind the Setup:
The price rejected the resistance level at $0.0385, indicating selling pressure.
Signs of a retracement suggest potential downside movement in the short term.
Risk Management Tip: Always follow the stop loss and adjust your position size to minimize risk. Stick to the plan for disciplined trading!
Additional Observations:
The price currently at $0.03569 indicates some movement in line with the setup. For those already in the trade, consider partial profit-taking or trailing stops as TP1 and TP2 approach.
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