$GNO GNO/USDT Trading Signal - Downward Momentum Testing Support

Current Price: $273.50

EMA Trends:

EMA(7): $279.50

EMA(25): $282.00

EMA(99): $283.00

Observation:

GNO/USDT is in a bearish trend, breaking below all major EMAs. The price has dropped sharply after reaching a high of $290.20 and is now testing a 24-hour low of $272.70. Increased sell pressure is evident, with a 3.46% drop in the last session.

Potential Strategy:

Entry Range: $272.50 - $274.00

Targets:

Target 1: $278.00 (Short-term Resistance)

Target 2: $282.00 (EMA(25) Retest)

Stop Loss: $270.00

Key Insights:

If the price stabilizes near $272.50, a rebound to test EMA(25) is possible. Watch for volume and candlestick patterns to confirm potential reversal. Secure partial profits at $278.00, and move stop-loss to breakeven if the price reaches Target 1. A break below $270.00 may signal further downside.

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