$GNS USDT BEARISH REVERSAL AFTER SHARP SPIKE – SELLERS TAKING CONTROL
After a powerful vertical rally reaching a high of $1.962, $GNSUSDT is now showing clear signs of bearish reversal. The price has dropped back to $1.710, indicating profit-taking and weakening buying momentum. If selling pressure continues below $1.70 support, a deeper pullback is likely.
🔻 Trade Setup (Short Entry):
Entry Zone: $1.69 – $1.72
Take Profit Targets:
➔ TP1: $1.62
➔ TP2: $1.56
➔ TP3: $1.50
Stop Loss: $1.78
📊 Market Outlook:
The recent parabolic pump appears overextended, with strong rejection from the $1.962 resistance. Short-term trend has shifted bearish on 15m structure. If bulls fail to defend $1.70, expect accelerated downside towards $1.50.
⚠️ Risk Management:
Always use strict SL to protect capital against sudden reversals. Do not overleverage in low timeframe volatility.
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buy and trade here on $GNS