🔴 SAGA has hit a strong resistance level at $0.0354. With the broader market preparing for the FOMC interest rate decision, we are seeing a "liquidity grab" at the highs followed by a sharp rejection. This setup suggests a move toward the lower support zones.
⚡ Trade Setup (SMC Strategy)
Direction: SHORT (Sell)Entry Zone: $0.0345 – $0.0352Leverage: Cross 3x - 5x (Avoid high leverage due to high volatility)
🎯 Take Profit (TP) Targets
Target 1: $0.0338 (Quick scalp/previous support)Target 2: $0.0331 (Strong psychological floor)Target 3: $0.0322 (Major daily liquidity area)
🛡 Stop Loss (SL)
SL: $0.0365 (If the price flips the $0.0354 resistance into support, exit immediately)
🔍 Technical Reasoning
Triple Top Rejection: On the 4H chart, SAGA attempted to break $0.0354 three times but failed, creating a "Triple Top" pattern which is a strong bearish signal.Volume Divergence: The latest upward move lacked significant volume, indicating that buyers are exhausted and the "smart money" is likely opening short positions here.Moving Average Pressure: Price is currently hovering near the 99 MA (purple line). A close below this line on the 4H timeframe will confirm a deeper correction toward $0.033.
⚠️ Risk Note:
Tomorrow's FOMC meeting is a "High Impact" event. If you are in profit, move your SL to entry. Do not trade without a Stop Loss.
#Saga #sagaprotocol #ShortSignal #cryptotrading #BinanceSquare $SAGA