#GNS $GNS SHORT and LONG Position

*****GNS/USDT 1-hour Chart*****

Here's a short-term trading strategy based on price action, volume, and moving averages:

*** Current Observations***

Price: $2.000 (+50.49% in 24h).

24h High: $2.700 (massive spike).

Volume Spike: Strong buy volume recently; now declining.

MA Cross: Short-term MA(7) is above MA(25) and MA(99), showing recent momentum.

Candle Pattern: After the pump to $2.70, price is correcting and stabilizing around $2.

*** Strategy: Short-Term Momentum with Risk Control***

1. Entry Strategy:

Re-entry Dip Buy: Look to enter between $1.85–$1.95 range if it holds as support.

Confirmation: Watch for bullish candles near this range with higher volume.

2. Target Zones (TP):

TP1: $2.20 — recent resistance.

TP2: $2.50 — psychological resistance.

TP3 (if breakout): Retest of $2.70.

3. Stop Loss (SL):

Place SL at $1.75, just below the local support from the recent breakout zone (~$1.80).

Risk/reward ratio should be at least 1:2

***Bearish Scenario:***

If the price closes a full candle below $1.80, it may trigger a deeper pullback toward MA(25) or even MA(99) (~$1.62 to $1.34).

*** Indicators to Watch***

Volume: Declining volume suggests weakening momentum—watch for volume spike to confirm next move.

Moving Averages: If MA(7) starts curving downward below MA(25), trend reversal may be starting.

*** Risk Management***

Never risk more than 1-2% of your capital per trade.

Use trailing stop if price pushes beyond $2.20 to protect profits.

(DYOR) 

DO YOUR OWN RESEARCH

***(THANKS)***

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