$PSG /USDT BEARISH MOVE IMMINENT 📉 | SHORT SETUP UNDERWAY!
🚨 Current Price: $1.647
⏰ Trend: Bearish (Lower highs forming on higher timeframes)
📊 24H Range: $1.622 - $1.765
🔍 KEY LEVELS TO WATCH:
Resistance Zones:
🔺 $1.710 – Minor Resistance
🔺 $1.750 – Strong Resistance (Recent rejection zone)
Support Zones:
🔻 $1.630 – Immediate Support
🔻 $1.600 – Key Support (If broken, expect stronger downside)
💥 TRADE SETUP – SHORT IDEA
Entry: $1.645 – $1.660 (On weak bounce into resistance)
Stop Loss (SL): $1.715 (Above key resistance)
Take Profit (TP):
🎯 TP1: $1.630
🎯 TP2: $1.600
🎯 TP3: $1.575 (Extended target on heavy sell-off)
🛡️ RISK MANAGEMENT
Use 2% max of account equity per trade 💰
Stick to risk-reward of at least 1:2 for optimal results 📏
Avoid chasing entries – wait for confirmation candle rejection 📉
⚠️ MARKET CONTEXT:
Price is showing weakness near previous rejection areas with lower highs forming, suggesting sellers are stepping in. Momentum is fading, and a push below $1.630 could accelerate the drop.
📉 Bears in control – plan your short entry wisely!
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