$GNO /USDT Market Analysis & Trade Setup

Key Support & Resistance Levels

📌 Resistance Levels:

$121.0 → MA(7), minor resistance.

$122.3 → Local resistance.

$123.7 → Stronger resistance level.

$126.1 → 24h high, major breakout level.

📌 Support Levels:

$120.7 → Current price, weak support.

$120.1 → 24h low, stronger demand zone.

$119.5 → Critical last support before further downside.

Market Trend & Indicators

✔ MA(7) at $121.0 → Close to current price, acting as resistance.

✔ MA(25) at $122.4 → Needs to break for bullish movement.

✔ MA(99) at $122.2 → Key long-term trend level.

✔ Low volume indicates low market activity.

Trade Strategy – Bullish Bias

📈 Long Entry: $120.1 - $121.0

🎯 Target 1: $122.3 (local resistance)

🎯 Target 2: $123.7 (strong resistance level)

🎯 Target 3: $126.1 (breakout target)

🛑 Stop Loss: $119.5

Trade Strategy – Bearish Scenario

📉 Short Entry: $122.3 - $123.7 (if price is rejected at resistance)

🎯 Target 1: $121.0 (MA(7) support)

🎯 Target 2: $120.1 (24h low, key support)

🎯 Target 3: $119.5 (potential drop zone)

🛑 Stop Loss: Above $126.1

Market Sentiment & Risk Management

Neutral Zone: Between $120.1 and $122.3 (waiting for direction).

Bullish Above: $123.7 (if volume supports breakout).

Bearish Below: $120.1 (could drop further).

Low trading volume suggests weaker momentum; a breakout needs strong buying pressure.

Would you like additional indicators (RSI, MACD) for deeper insights?#GNO #gnon #gnon #Write2Earn #WIF