$YGG /USDT Short Trade Idea š
Based on the recent price action and the breakdown of key moving averages, a potential short trade is setting up for Yield Guild Games (YGG) against USDT.
Chart Analysis (1H)
The chart displays a clear downtrend continuation after an initial bounce (around the 14:00 candle on 12-08) failed to sustain momentum above the $0.0839 high.
Direction - SHORT
Targeting a breakdown below the recent low of $0.0716.
Entry Range : $0.0730 - $0.0740
Current price area, or on a break below immediate support.
Take Profit : $0.0680 - $0.0700 (or lower) Targeting a retest of the weekly support range.
Stop Loss Above: $0.0755 - $0.0770
Risk Management Note: This is a small cap crypto, which means it can be highly volatile and illiquid. Trade size must be small.
$YGG #market_tips #trading #technical_analysis
