$TAG – Sharp spike rejected at heavy volume resistance, reversal in play

Trading Plan Short $TAG ( max 10x )

Entry: 0.0007604 – 0.0007614

SL: 0.0008370

TP: 0.0007000

TP: 0.0006200

TP: 0.0006056

Price pumped into a massive volume node overhead where sellers had been heavily positioned before. The rejection here is clean with a long wick showing no ability to break through. When price spikes into a high volume resistance zone like this and gets rejected, the path of least resistance is back down toward the lower demand areas where the real buyers are sitting.

Trade $TAG here 👇

#TAG #TAGUSDT #Binance #ShortSignal #Bearish

TAGUSDT

Διην.

0.0007225

+0.27%