Short Trade Setup for $GNO /USDT:

• Short Entry: $204.2 (This entry is just below recent rejections, suggesting potential continuation downward if resistance holds.)

• Stop Loss: $206.1 (This level is slightly above recent highs, offering a safe cushion in case of a breakout above resistance.)

• Target 1: $202.0 (Near the lower end of recent support levels)

• Target 2: $200.0 (Further down as an extended target, given strong selling pressure)

Rationale:

This short entry anticipates a pullback from the resistance around $204.2, where previous candles show rejection. Setting the stop loss just above the recent highs at $206.1 allows flexibility for minor fluctuations, while the targets offer logical areas where the price may find support.

Make sure to monitor the trade closely, as volatility could impact this setup.

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