๐ $GNS /USDT
+50% Moon Shot Faces First Pullback!
Is this a healthy retracement or the top? Letโs break it down.
๐ Current Price: $2.036 (+53.78%)
๐ Timeframe: 1H
๐ Moving Averages:
โข MA20: $1.561
โข MA50: $1.393
โข MA99: $1.316
Price still sits comfortably above all major MAs, keeping the bullish trend intact despite the short-term pullback.
๐ Market Behavior:
After a monster breakout to $2.70, GNS is cooling off with a series of red candles. This is typical after a parabolic rally โ early profit-taking is kicking in, but no major structural damage yet.
๐ Momentum & Volume:
โข Volume remains high, indicating active participation, but red candles suggest seller pressure rising
โข Momentum indicators (not shown) likely overbought โ pullback was expected
๐งฑ Key Levels:
โข Immediate Resistance: $2.15 โ $2.70 (local top)
โข Short-Term Support: $1.93 โ $1.75
โข Breakdown Risk: If $1.75 fails, next key zone is $1.60 (near MA20)
๐ Recommendations:
๐ผ If GNS holds above $1.93 and bounces, the uptrend may continue with targets at $2.25โ$2.50.
๐ฝ If it loses $1.75, expect deeper correction to $1.60โ$1.50 range.
๐ If price consolidates sideways between $1.90โ$2.15, it may be prepping for another leg up โ or forming a top.
โ ๏ธ DYOR โ GNS is cooling off after a parabolic surge. Chasing after huge green candles is risky โ wait for a retest of support or a clean consolidation breakout before entering.
Was this just round one for GNS, or is this the final pump? Whatโs your take on this volume pattern? Letโs hear it below! ๐ฌ๐