$G — Momentum Slowing Near Resistance ⚠️
The recent rally pushed price higher, but momentum now appears to be stalling around the current resistance zone. Buying pressure is still present, however the follow-through is getting weaker and price action is turning more choppy instead of trending cleanly upward.
When rallies begin to grind higher like this, it often signals exhaustion from buyers, allowing sellers to slowly step back into the market. If upside momentum continues to fade, a short-term pullback becomes increasingly likely.
Trading Plan — SHORT $G
(Max 10x)
Entry: 0.00515 – 0.00545
SL: 0.00600
Targets:
TP1: 0.00485
TP2: 0.00450
TP3: 0.00415
If price continues to struggle around this resistance zone, a downside retracement could unfold quickly as early longs begin taking profit.
Trade setup on $G below 👇📉
