$GNS Daily Chart Technical Summary
1. Bullish pattern forming – GNS has carved out a falling wedge on the daily chart, which often precedes breakouts. Key breakout targets seen around $3.24, $3.94, and higher .
2. Mixed indicator readings:
CentralCharts daily signals show overlapping bullish bias—price is above moving averages, MACD is positive, Ichimoku confirms bull, though RSI is overbought .
TradingView technicals on daily indicate a “hold/strong sell” summary overall .
3. Critical zones:
Bullish support pulling from the falling-wedge bottom around $2.03–$2.08 .
Wedge resistance breakout likely between $2.20–$2.30 daily close .
🎯 Best Trade Setups
🔼 1. Breakout Long (High-Probability)
Entry: On a daily close above the wedge upper trendline—around $2.20–$2.30.
Stop-Loss: Just under breakout level (~5% below entry).
Take-Profit:
TP1: $3.24
TP2: $3.94
TP3: $4.50–$5.07 (extended targets)
Rationale: A confirmed breakout from a falling wedge often triggers strong follow‑through upward.
🔁 2. Support Bounce (Counter‑Trend Play)
Entry: If GNS holds at $2.03–$2.08 and forms a bullish reversal candle (hammer, engulfing).
Stop-Loss: Below $2.00.
Take-Profit: $2.30 (mid-wedge resistance); optional partial exit near $2.50.
Rationale: Buying support in wedge gives favorable R:R, though broader breakout is needed for larger gains.
