📉 $STG
Short Setup: Bearish Momentum Intensifies!
Stargate Finance ($STG) is showing signs of exhaustion after a recent volatility spike. With the broader market facing structural resistance, STG is positioned for a potential pullback toward local support levels. We are looking for a high-probability short entry.
⚡ The Trade Details
Direction: SHORT 🔴
Entry Zone: 0.195 – 0.205
Stop Loss (SL): 0.211
Leverage: Cross (Isolated recommended for beginners)
🎯 Take Profit Targets
TP1: 0.182 (Initial de-risking)
TP2: 0.169 (Mid-range target)
TP3: 0.156 (Major support retest)
🔍 Market Insights
STG is currently navigating a "Sell the Rip" environment. On the 4-hour timeframe, we are seeing bearish divergence as the price struggles to maintain levels above the $0.205 resistance. With Open Interest showing signs of decline on price rallies, this move looks like a classic liquidity grab before a deeper correction.
Nabiha’s Strategy: Don't chase the move. Wait for the price to tap the entry zone and look for a rejection candle before committing. Manage your risk—capital preservation is priority #1. 🛑🧠
Analysis by: Nabiha Noor ✍️
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