#GNS $GNS SHORT and LONG Position
*****GNS/USDT 1-hour Chart*****
Here's a short-term trading strategy based on price action, volume, and moving averages:
*** Current Observations***
Price: $2.000 (+50.49% in 24h).
24h High: $2.700 (massive spike).
Volume Spike: Strong buy volume recently; now declining.
MA Cross: Short-term MA(7) is above MA(25) and MA(99), showing recent momentum.
Candle Pattern: After the pump to $2.70, price is correcting and stabilizing around $2.
*** Strategy: Short-Term Momentum with Risk Control***
1. Entry Strategy:
Re-entry Dip Buy: Look to enter between $1.85–$1.95 range if it holds as support.
Confirmation: Watch for bullish candles near this range with higher volume.
2. Target Zones (TP):
TP1: $2.20 — recent resistance.
TP2: $2.50 — psychological resistance.
TP3 (if breakout): Retest of $2.70.
3. Stop Loss (SL):
Place SL at $1.75, just below the local support from the recent breakout zone (~$1.80).
Risk/reward ratio should be at least 1:2
***Bearish Scenario:***
If the price closes a full candle below $1.80, it may trigger a deeper pullback toward MA(25) or even MA(99) (~$1.62 to $1.34).
*** Indicators to Watch***
Volume: Declining volume suggests weakening momentum—watch for volume spike to confirm next move.
Moving Averages: If MA(7) starts curving downward below MA(25), trend reversal may be starting.
*** Risk Management***
Never risk more than 1-2% of your capital per trade.
Use trailing stop if price pushes beyond $2.20 to protect profits.
(DYOR)
DO YOUR OWN RESEARCH
***(THANKS)***
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