đ¨ $GNO /USDT: Critical Levels and Trading Strategy Unveiled! đ¨
The GNO/USDT pair is heating up, hovering around $193.8, with the 15-minute chart flashing pivotal signals. After a steady uptrend, itâs now facing stiff resistance at $196.8, marking a crucial barrier for bulls.
Resistance Level: $196.8 USDT
A breakout above this level could see GNO rally toward $200+ USDT, making this an ideal entry point for a long trade.
Support Level: $190.0 USDT
On the downside, strong support lies at $190.0 USDT. If the price dips below this zone, bears could pull the pair down to $185.5 USDT, opening a short opportunity.
đŻ Entry Strategy:
⢠Long Entry: Enter at a clean break above $196.8 USDT, with a target of $200.0 USDT. Set a stop loss at $192.0 USDT to manage risk.
⢠Short Entry: If the price breaks below $190.0 USDT, consider shorting with a target of $185.5 USDT, and use a stop loss at $194.0 USDT.
Monitor volume for confirmation of the breakout or breakdown, and be prepared to act swiftly in either direction!
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