$GNO /USDT – BEARISH RETEST IN PROGRESS ⚠️📉
Current Price: $116.60
Trend: Bearish Rejection at Resistance 🔻
📊 TECHNICAL ANALYSIS:
$GNO /USDT is showing weakness after a strong intraday pump to $130.00, now trading lower near $116.60. The rejection at the top suggests a bearish retest of broken support turned resistance. Momentum is fading, and price is struggling to reclaim higher levels.
🔑 KEY LEVELS TO WATCH:
Resistance:
🔺 $119.50 – Immediate barrier
🔺 $130.00 – Recent swing high
Support:
🔻 $112.20 – Key short-term support
🔻 $110.00 – Breakdown zone
📌 TRADE SETUP:
🔻 Short Entry: $116.50–$118.00 (on bounce failure)
🎯 Target 1 (TP1): $112.50
🎯 Target 2 (TP2): $110.00
❌ Stop Loss (SL): $120.50 (above resistance)
🛡 RISK MANAGEMENT:
Risk only 1–2% per trade. Define your SL/TP clearly and avoid overtrading. In volatile setups, precision + patience = profit 🎯
⚠️ GNO FACES STRONG SELL PRESSURE – SHORTS EYEING $110 NEXT! 🔻🔥
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