šØ $GNO /USDT SHORT TRADE SETUP! šØ
Current Price: $185.2 š +9.52%
š Market Overview:
$GNO saw a major price surge but faced heavy rejection at $286.9, triggering a sharp sell-off. The price is now consolidating near key support, with potential for further downside.
š Key Levels:
š¹ Resistance: $195 - $200 (recent rejection zone)
š¹ Support: $180 (holding for now), $175 (next major level)
š Short Entry Strategy:
šø Entry Zone: $187 - $190 (sell on bounce)
šø Stop Loss: $195 (above key resistance)
šÆ Profit Targets:
ā
TP1: $180
ā
TP2: $175
ā
TP3: $165
š” Trade Rationale:
ā Strong rejection from $286, indicating weakness.
ā Bearish momentum with lower highs forming.
ā Increased selling pressure suggests further downside.
š Risk Management:
Stick to the planātight SL at $195 and let the trade play out. Manage risk wisely! š„
$GNO
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