$GNO /USDT Market Analysis & Trade Setup
Key Support & Resistance Levels
š Resistance Levels:
$121.0 ā MA(7), minor resistance.
$122.3 ā Local resistance.
$123.7 ā Stronger resistance level.
$126.1 ā 24h high, major breakout level.
š Support Levels:
$120.7 ā Current price, weak support.
$120.1 ā 24h low, stronger demand zone.
$119.5 ā Critical last support before further downside.
Market Trend & Indicators
ā MA(7) at $121.0 ā Close to current price, acting as resistance.
ā MA(25) at $122.4 ā Needs to break for bullish movement.
ā MA(99) at $122.2 ā Key long-term trend level.
ā Low volume indicates low market activity.
Trade Strategy ā Bullish Bias
š Long Entry: $120.1 - $121.0
šÆ Target 1: $122.3 (local resistance)
šÆ Target 2: $123.7 (strong resistance level)
šÆ Target 3: $126.1 (breakout target)
š Stop Loss: $119.5
Trade Strategy ā Bearish Scenario
š Short Entry: $122.3 - $123.7 (if price is rejected at resistance)
šÆ Target 1: $121.0 (MA(7) support)
šÆ Target 2: $120.1 (24h low, key support)
šÆ Target 3: $119.5 (potential drop zone)
š Stop Loss: Above $126.1
Market Sentiment & Risk Management
Neutral Zone: Between $120.1 and $122.3 (waiting for direction).
Bullish Above: $123.7 (if volume supports breakout).
Bearish Below: $120.1 (could drop further).
Low trading volume suggests weaker momentum; a breakout needs strong buying pressure.
Would you like additional indicators (RSI, MACD) for deeper insights?
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