📉 $0G OVERHEATED? TIME FOR A COOL DOWN! 📉 (Short)
ENTRY: 0.7025 – 0.7315 🎯
SL: 0.7850 🛡️
TP 1: 0.6400 💰
TP 2: 0.6150 🔥
TP 3: 0.5800 🚀
🕵️ Why are we shorting 0G?
Massive Liquidity Grab: Looking at your 1H chart, 0G recently spiked to 0.7317, sweeping the previous highs before immediately facing a sharp rejection. This move looks like a classic "stop-loss hunt" by whales before a potential trend reversal. 🛑
Bearish Divergence on MACD: While the price made a local high, the MACD histogram is starting to show weakening momentum. The green bars are getting shorter, and the DIF/DEA lines are beginning to curl, suggesting that the buying power is exhausted. 📉
Volume Exhaustion: The latest pump to 0.73 was accompanied by a significant volume spike that failed to sustain the breakout. When volume peaks like this at a resistance level, it often signals a "buying climax," meaning there are no more buyers left to push the price higher. ⛽
Mean Reversion Play: 0G has been on a strong run from the 0.6394 lows. After an 8.75% gain today, a pullback to retest the previous support zone at 0.6500 is highly likely as traders start to lock in their profits. 🎒
