$GF is approaching a major resistance zone where sellers previously dominated the action.

Trading Plan Short $GF

Entry: 0.00494 – 0.00498

SL: 0.00510

TP1: 0.00480

TP2: 0.00450

TP3: 0.00400

The asset has climbed from 0.00357 to 0.0049608 — a 38% gain. The RSI at 78 suggests the asset is approaching overbought territory. The 4-hour chart is displaying a loss of bullish momentum, with smaller candles forming at the resistance level. This region has historically rejected advances, and a failure to establish acceptance above this zone could trigger a rotation toward the liquidity resting beneath recent swing lows. If sellers defend this area, the next downside levels to monitor are near 0.00480 and 0.00450, with deeper liquidity at 0.00400 — a potential 20% decline from entry.

#CLARITY Act ethics dispute #Bridge attacks expose recurring risks #US 10-year Treasury yield hits 4.70% #US stocks face sharp correction