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【$0G Signal】Short | Weak consolidation after volume breakout
$0G After a single-day plunge of 18%, it is undergoing weak consolidation at low levels, accompanied by high volume trading and open interest, presenting a typical bearish dominance pattern. Price action shows continued selling pressure with no clear signs of buying absorption.
🎯 Direction: Short (Short)
🎯 Entry: 0.925 - 0.945
🛑 Stop Loss: 1.000 (Rigid Stop Loss)
🚀 Target 1: 0.850
🚀 Target 2: 0.780
The decline of $0G is accompanied by massive volume, and market logic suggests that position size should be considered. Currently, after breaking support, the price only shows a slight rebound, indicating a continuation of the downtrend. There is no effective bullish resistance on the chart; each rebound high is lower, indicating that bearish momentum has not yet been fully released. After weak consolidation, moving towards the next target level is highly probable.
Trade 👇 $0G
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