⚠️ $0G at resistance: preparing for a correction
The price of 0G/USDT on the 1h timeframe has approached local resistance at 0.894, where the market is showing signs of overheating. The upward movement remains, however, indicators are increasingly signaling a potential short-term reversal.
🔍 Key Indicators
EMA (21): 0.870 — price is above, structure is still bullish
RSI (6): 74.8 — overbought zone, risk of correction
Stochastic: 65.9 — confirms overheating
Volume: increased, movement is active, but close to a fading impulse
🎯 Trading Plan
Main Scenario:
Short-term short from resistance with an expectation of corrective movement after impulse growth.
📉 Targets for decrease:
Target 1: 0.850 → -2.3%
Target 2: 0.830 → -4.6%
Target 3: 0.810 → -6.9%
📍 Entry points:
Conservatively: after a confirmed bounce from 0.894
Aggressively: upon breaking support at 0.870
🛑 Stop-loss:
0.900 — above local resistance
🧠 Conclusion
Price is at a strong level, indicators are overheated — correction looks logical. We work carefully, strictly according to the plan and with risk control.
Spot trading 👉$0G
Futures
