🚨 $GNO /USDT – Bearish Rejection at Resistance! Short It Smartly! 🚨
Price: $113.0 (+4.82%)
$GNO saw a sharp intraday spike, but price action is showing signs of reversal after getting rejected near $114.6. Sellers are stepping in, and a clean short opportunity is forming.
Key Levels:
• Resistance: $114.5 – $115.0
• Support: $111.0
• Breakdown Zone: $112.8
Short Trade Setup:
• Entry Zone: $112.8 – $113.5
• Targets:
• TP1: $111.5
• TP2: $110.0
• TP3: $108.2
• Stop Loss: $115.2
Market Insight:
The price surged into resistance and failed to close above $114.5. The rejection wick and increasing seller pressure suggest a retracement is likely before any further bullish continuation.
Pro Tip: Watch for a bearish engulfing or 15m candle close below $112.8 for confirmation. Use tight risk management as volatility is high.
Bulls are fading — time to ride the pullback down with precision!
