$0G USDT BEARISH REVERSAL AFTER EXHAUSTION WICK — SHORT SETUP IN PLAY
After a euphoric rally marked by a tall green candle, $0GUSDT shows signs of exhaustion. The spike to 7.260 USDT followed by a sharp retracement and multiple red candles suggests a classic blow-off top. The latest small green candle appears weak, lacking volume confirmation and failing to reclaim key resistance zones. This setup favors a bearish continuation, especially as the price struggles below the previous breakout level.
The anomaly in the chart (negative price wick) may indicate data error, but it also reflects extreme volatility—ideal for short-term tactical plays. Momentum indicators (not shown but inferred from structure) likely signal divergence, and the lack of follow-through after the initial pump supports a short bias.
SHORT ENTRY ZONE: 3.20–3.35 USDT
TARGET 1: 2.95 USDT
TARGET 2: 2.68 USDT
TARGET 3: 2.40 USDT
STOP LOSS: 3.50 USDT (above recent wick and failed retest zone)
Risk Management: Use 2–3% of account size per trade. Avoid overleveraging due to high volatility and potential data anomalies. Adjust SL dynamically if price consolidates near entry.
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