@Yield Guild Games
$YGG is displaying strong bearish momentum. The price action shows a recent sharp decline, breaching the moving averages (MA 7, MA 25, MA 99), which are now acting as overhead resistance. Volume is elevated during the sell-off, confirming the downward pressure. The current price is near the low of the observed period at $0.07150.
Actionable Trade Idea (Short-Term):
• Entry (Sell/Short): Consider an entry below the current low, confirming the continuation of the downtrend (e.g., below $0.07000).
• Target (Take Profit): Short-term targets based on Fibonacci extension or prior support can be set around $0.06850 and $0.06650.
• Stop Loss (Risk Management): Place the stop loss above the recent consolidation high, just above the MA 7, around $0.07250 to manage risk effectively.
