$PSG /USDT SHORT TRADE SETUP – FAKEOUT FOLLOWED BY DUMP!
$PSG pumped aggressively to $2.42, only to be met with a hard sell-off. Price is now consolidating below $2.10 with weak bounce attempts, indicating a likely continuation to the downside. This looks like a classic bull trap setup.
📉 Trade Setup (SHORT):
Entry: $2.07 – $2.10
Target 1: $1.99
Target 2: $1.91
Stop Loss: $2.16
Why Short?
The quick spike and dump pattern followed by low-volume sideways movement signals exhaustion. The inability to reclaim key resistance at $2.16 suggests bears are in control. A drop back toward the demand zone is probable.
Risk Management Tip:
Keep SL tight above the recent range top — if price breaks $2.16 with strength, it invalidates the setup. Otherwise, stay in the move.
Trap triggered — take the short and ride the fade while others wait for a bounce!
Sell smart — don’t chase green candles when the trend is turning red!