$GNO
/USDT Technical Analysis & Trade Signal
Current Price: $268.9
24h Price Change: +0.30%
Support & Resistance Levels:
Support: $259.6 (Key support level, potential bounce point)
Resistance: $270.3 (Major resistance near the 24h high)
Key Indicators:
Trend: Slightly bullish momentum as price holds above support levels.
Volume: Moderate volume indicates balanced market activity, with a slight inclination toward buying pressure.
Trade Signal: Buy on Retest
Buy Entry: $265.0 - $268.0 (around support and mid-range)
Target 1: $274.0 (First resistance level)
Target 2: $281.0 (Key higher resistance level)
Target 3: $290.0 (Extended target for stronger uptrend)
Momentum:
Bullish Momentum: The price has shown consistency around the $270 range with slight upward momentum, supported by favorable trading volume.
Actionable Signal: Consider entering the trade near support ($265.0 - $268) for potential upside to resistance levels ($274 and above).
Always ensure risk management and stop losses around key support ($259) if market conditions shift.
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