🚨 $GNS
USDT BEARISH RETRACEMENT AFTER SHARP SPIKE – CAUTION ADVISED! 🚨
After a strong vertical rally to $1.96, $GNSUSDT has faced heavy rejection and is now retracing. The current price stands at $1.632, indicating bearish pressure as profit-taking continues.
🔑 Key Levels:
Resistance: $1.75 – $1.96 (strong supply zone)
Support: $1.60 (immediate) and $1.50 (major support)
📊 Trade Setup (Short):
Entry Zone: $1.64 – $1.68
Take Profit 1: $1.58
Take Profit 2: $1.52
Stop Loss: $1.72
💡 Market Outlook:
The momentum has shifted bearish after failing to hold above $1.75. Sellers are dominant below the resistance zone, suggesting further downside towards the key supports if selling volume sustains.
⚠️ Risk Management:
Always use stop loss. Risk only 1-2% per trade to protect capital in these high-volatility retracements.
buy and trade here on $GNS
💬 Comment “🛑” if you caught this reversal setup!