$GNO
/USDT - Technical Analysis & Trade Signal🔥💯
Current Price: $278.4
24h Price Change: -3.37%
Technical Indicators:
1. Trend: Neutral to slightly bearish
2. Support Levels:
First support: $277.9
Second support: $274.0
3. Resistance Levels:
First resistance: $290.2
Second resistance: $295.0
4. RSI (Relative Strength Index): Around 40 (Slightly oversold, potential for short-term bounce).
5. Moving Averages:
50 SMA: Below price level (slightly bearish).
200 SMA: Above price level (bullish in the long term).
Trade Signal:
Entry: Buy around $278.0-$279.0 with a tight stop loss.
Target Levels (Take-Profit):
1. Target 1: $285.0
2. Target 2: $290.0
3. Target 3: $295.0
Momentum:
Short-term bearish momentum due to price decline in the last 24 hours.
However, support at $277.9 can offer a potential bounce with target levels aiming for short-term upward movement.
Risk Management:
Use a stop-loss near $277.0 to minimize risk.
This strategy aims for short-term gains while managing risk, as momentum is still cautious but favorable for a reversal.