$GNO /USDT short tread signal 🔴🚦
BEARISH TREND – PRESSURE BUILDS BELOW AVERAGE WITH LOWER HIGHS IN PLAY!
$GNO has been consistently sliding from the $148.1 high, now trading at $121.0 and losing the key $121.5 average level. The daily chart shows a sequence of lower highs and lower lows, confirming strong bearish control as buyers fail to sustain any rallies.
Trade Setup (SHORT):
Entry Price: $121.00 – $122.50
Target 1: $117.50
Target 2: $113.20
Stop Loss: $124.00
Why Short?
The overall trend has shifted bearish with multiple failed bounce attempts and rejection at the 131.8 resistance. As long as price stays under the $124 level, bears hold dominance. The break below the average line adds further confirmation of downside pressure.
Risk Management Tip:
Use a tight SL above $124 to protect from any short squeeze. Trail your stop after reaching Target 1 and take profit near major support zones to stay safe in a trending market.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
Sell and Trade here on $GNO