📉 $YGG TIRED? THE PUMP IS LOSING STEAM! (Short)
ENTRY: 0.04800 – 0.04950 🎯
SL: 0.05250 🛡️
TP 1: 0.04400 💰
TP 2: 0.04150 🔥
TP 3: 0.03850 🚀
🕵️ Why are we shorting YGG?
Massive Rejection at Local High: YGG surged over 21% today but hit a major wall at 0.05168. The long upper wicks on the 1H chart indicate that sellers are stepping in aggressively to take profits, creating a heavy supply zone. 🛑
Bearish MACD Crossover: The MACD is showing a clear bearish signal. The DIF line has crossed below the DEA line, and the histogram has flipped to red. This suggests that the upward momentum has peaked and a trend reversal is underway. 📉
Lower High Structure: After the initial rejection at 0.051, the price failed to reclaim those levels, forming a series of lower highs. This structural shift on the 1H timeframe is a textbook indicator that the bulls are exhausted. 📉
Mean Reversion Play: The price is currently overextended compared to its recent base at 0.03819. We are expecting a healthy correction back toward the primary support levels as the speculative buying pressure dries up. ⛽
