Here is your professional technical analysis post for the given chart:

$GNO USDT – BEARISH MOMENTUM COULD DRAG BELOW SUPPORT

$GNOUSDT has faced rejection near $116.40 and is currently trading around $111.66 after forming consecutive lower highs and breaking towards the $109.46 support zone earlier today. This indicates weak bullish attempts and a potential continuation of bearish momentum if buyers fail to reclaim key levels soon.

📉 TRADE SETUP (SHORT):

Entry: $111.50 – $112.20

Targets (TP): $110.20 / $109.50 / $108.80

Stop Loss (SL): $113.20

📊 MARKET OUTLOOK:

The market shows a clear downtrend on the 15m timeframe with rejection wicks and fading volume on up moves. Unless strong buying steps in above $113.20, sellers remain in control towards lower support levels.

💡 Risk Management:

Use strict SL, trade with calculated position size, and avoid overleveraging in a choppy ranging environment.

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buy and trade here on $GNO