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behdark
Jan 30, 2024 7:46 AM

YGG LOOKS BEARISH 

YGG / TetherUSBinance

Description

On the chart, even though we don't have bearish CH yet, strong resistances have been created.

The most important thing we have on the chart is a large liquidity pool, which we have identified in $$$.

From the supply range, we expect price rejection towards the targets specified on the chart.

We also specified the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank you

Trade active

From the specified box, it reached the red box and had a 21% movement

We need a strong confirmation for the drop because altcoins are bullish

Comments
Shahrokhtp55
Thanks for sharing.
Will it move to the supply area?
jungdo
same thought bro,
MyCryptoParadise_Nathan
Your identification of strong resistances and emphasis on the liquidity pool showcase a detailed approach.
Xanrox
Can be a bear flag, wait for the confirmation and enter a short.
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