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Don't miss this deal, set a short sale on price $PSG /USDT - Active bearish pressure 💯 🔥
Current price: 2.010
Market structure: Paris Saint-Germain stock is facing resistance near 2.070-2.080, failing to maintain momentum above 2.000. Lower highs are forming, and selling volume is increasing, indicating a continuation of the bearish trend towards its recent lows.
Entry level:
Enter a sell trade between 2.020 and 2.040 after a slight pullback towards the resistance level.
Stop loss:
Place a stop loss above 2.080 to protect against sudden bullish reversals.
Target points:
• First profit target: 1.970
• Second profit target: 1.920
• Third profit target: 1.880
Trading analysis:
Paris Saint-Germain stock shows signs of weakness after failing to maintain higher levels. If the price breaks below the support area at 1.970, it may accelerate towards deeper lows. Monitoring rejection candles at the entry area will help confirm the bearish momentum.
Buy if it reaches its three targets, then buy again