$YGG is coming off a sharp sell off and I’m seeing sellers slow down near a clear demand zone. Price reacted from the lows and we’re getting small bullish candles which tells me downside momentum is weakening. I’m looking for a controlled bounce not a chase.
Trade setup
Entry zone
0.0640 to 0.0652
Target points
Target 1 0.0675
Target 2 0.0700
Stop loss
0.0628
Why this setup works
I’m trading from support after a strong drop where buyers have already defended the level once. The structure shows lower wicks and slowing volume which often leads to a short term relief move. Risk is clearly defined and reward is higher than the loss if price holds this base.
YGG
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