$PSG /USDT – SHORT TRADE SIGNAL

Current Price: $2.54

Change: +13.04%

Type: Overbought – Short Setup

Entry Zone (Short): $2.58 – $2.65

Target 1: $2.42 (MA Support)

Target 2: $2.28 (MA(99) Zone)

Stop Loss: $2.70 (Above 24h High)

Breakdown:

Price rejected from 24h High ($2.698)

MA(7): $2.557 – Price under pressure after touching it

MA(25): $2.421 – first key support zone

Volume starting to slow down below MA(5)

RSI likely overheated (based on +13% daily move)

Fan tokens often show sharp retracements after spike

Strategy:

Sell into resistance zones ($2.58–$2.65) with tight SL above $2.70. Look for flush back into support range near $2.42–$2.28.

Risk Level: Medium-High – Use proper risk management.