$GNO
/USDT Trading Signal - Testing Resistance Levels
Current Price: $287.4 (+1.34%)
24h High: $289.0
24h Low: $279.6
24h Volume: 2,612.01 GNO
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Market Overview
The $GNO/USDT pair is currently testing the resistance zone near $289.0, reflecting bullish sentiment. A breakout above this level could trigger further upside momentum.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $285 - $287
Targets:
T1: $290
T2: $295
T3: $300
Stop Loss: $280
Bearish Scenario:
Entry Zone: Below $283
Targets:
T1: $278
T2: $275
Stop Loss: $288
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Technical Insights
MACD: Neutral with slight bullish divergence, indicating potential upward momentum.
RSI: Neutral, suggesting room for further price movement in either direction.
Support Levels: $283 and $278.
Resistance Levels: $289 and $295.
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Strategy Recommendations
Monitor the $289 level for a breakout confirmation to enter long positions.
Use tight stop-losses due to resistance near current levels.
Watch for signs of rejection near $289 for potential short opportunities.
