$G has rallied back into a key supply zone where sellers may step in and take control once again. This resistance area has previously rejected price, making it an important level to watch for a potential bearish move.
Trading Plan – Short $G
Entry: 0.00370 – 0.00380
SL: 0.00400
TP1: 0.00360
TP2: 0.00340
TP3: 0.00320
The recent recovery has pushed price back into a strong resistance zone, but the broader market structure still suggests the rally is corrective rather than a confirmed trend reversal. Liquidity remains concentrated beneath the recent swing lows, creating attractive downside targets if sellers regain momentum.
If bulls fail to establish acceptance above this supply zone, a bearish rejection could lead to a sharp rotation toward the outlined take-profit levels. Stay patient, wait for confirmation, and manage your risk with discipline.
DYOR (Do Your Own Research).
Trading Plan – Short $G
Entry: 0.00370 – 0.00380
SL: 0.00400
TP1: 0.00360
TP2: 0.00340
TP3: 0.00320
The recent recovery has pushed price back into a strong resistance zone, but the broader market structure still suggests the rally is corrective rather than a confirmed trend reversal. Liquidity remains concentrated beneath the recent swing lows, creating attractive downside targets if sellers regain momentum.
If bulls fail to establish acceptance above this supply zone, a bearish rejection could lead to a sharp rotation toward the outlined take-profit levels. Stay patient, wait for confirmation, and manage your risk with discipline.
DYOR (Do Your Own Research).