🚨 GNS/USDT: The explosion has already happened — what’s next? 📉 Is it time to drop?
Gains Network ($GNS) demonstrated an impressive leap to $2.70 (+110%), but now the price is declining and trading around $1.95. After such a parabolic rise, a correction is highly likely to begin, and traders should be cautious.
📉 Technical picture:
Current price: $1.957
Maximum: $2.70
Key support level: $1.80
MA7 > MA25 > MA99 — the uptrend is still holding, but the candles are already below MA7
Volumes are falling — interest has cooled, profit-taking has begun
Candle patterns indicate the formation of a “lower high” — the first sign of a reversal
🔴 Trading plan: Short with confirmation
Entry: $1.94–1.96 (on a downward breakout with volume)
Stop-loss: $2.05
TP1: $1.80
TP2: $1.65
TP3 (deep correction): $1.48
🧠 Comment:
Currently, the risk zone: The FOMO rise has already passed. Bounces may occur, but a decline looks more likely. If the price rises above $2.05 — a new long can be considered. But for now — a short scenario with risk management.
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