$G š $GUSDT
ā¢ Trading plan, Short
Entry, 0.00625 to 0.00635
Stop loss, 0.00660
Take profit, 0.00600 and 0.00580
ā¢ Outlook
GUSDT just printed a lower high after failing to hold above 0.00655, short term momentum is fading and the last candles are slipping below the 7 MA on the 30m chart, this looks more like distribution than fresh breakout, so a pullback toward the previous demand zone is likely.
ā¢ Key levels
Resistance, 0.00650 to 0.00660, last rejection area where buyers were absorbed.
First support, 0.00600, intraday pivot, a break below here can accelerate selling toward 0.00580.
ā¢ Indicators
The 7 MA is bending down and crossing the 25 MA, while volume on the last push up is shrinking compared to the earlier rally, showing buyers are losing strength and giving short setups better odds, manage size and risk carefully.
