$GNO
/USDT Technical Analysis & Trade Signal🔥💯
Current Price: $278.8
Trend: Bearish (3.26% decrease)
Support & Resistance Levels:
Support: $277.9
Resistance: $290.2
Key Technical Indicators:
RSI (Relative Strength Index): Neutral to Bearish, indicates potential for further downside unless momentum picks up.
MACD (Moving Average Convergence Divergence): MACD histogram showing bearish divergence; indicates selling pressure.
Volume: Trading volume is moderate, indicating consolidation before a breakout or breakdown.
Trade Signal:
Sell near current price ($278.8) with the following target levels:
1. Target 1 (First Support): $277.9
2. Target 2 (Lower Support): $273.0
3. Target 3 (Strong Support): $265.0
Momentum:
Short-term momentum is weak, favoring the bears as the market is facing slight downward pressure.
Medium-term: Bearish trend may continue, but close monitoring of the $277.9 support level is crucial for any potential bounce.