🔥 $YGG Trading Strategy (1h) - "Burst Wave Hunting" Strategy
Entry Point: 0.06600 - 0.06700
Stop Loss: 0.06460
TP 1: 0.07460 (Re-test the previous peak)
TP 2: 0.0810
🎯 "Burst Wave Hunting" Strategy (Long)
🧐 Market Structure: After reaching a peak at 0.07460, $YGG experienced a strong sell-off. Currently, the price is moving in a sideways consolidation trend around the 0.06500 - 0.06800 range
The EMA 17 (0.06568) and EMA 55 (0.06551) are tightly intertwined and are just below the current price (0.06615).
This is a spring-like compression state; the price is above both EMAs, indicating that the bulls are trying to hold the base in preparation for a breakout
Candle Action: Look closely at the most recent candlestick pattern; many pin bars appeared when touching the 0.06500 area. This confirms that this is a very strong support zone, where "whales" are quietly accumulating shares #PriceActionAnalysis