$GNO /USDT Trading Analysis – High Volatility Spike
$GNO is currently trading at $191.0, up +12.95% in the last 24 hours. The price experienced a sharp surge to $286.9, but retraced significantly, stabilizing near $191.0.
Key Levels to Watch
Resistance: $210.0 – A breakout could drive GNO toward $230.0 and $250.0.
Support: $164.4 – If broken, expect a drop toward $150.0 or $140.0.
Trade Setup
Long Entry: Above $200.0, targeting $230.0 and $250.0.
Short Entry: Below $180.0, aiming for $164.4 and $150.0.
Stop Loss: $184.0 for longs, $195.0 for shorts.
Market Insight
MACD is bearish, indicating fading momentum.
Volume is declining, suggesting reduced buying pressure.
If GNO stabilizes above $200.0, an upside continuation is possible. A drop below $180.0 could accelerate selling. Monitor closely for confirmation.