🚨 $GNO /USDT TECHNICAL ANALYSIS ALERT – MAJOR BULLISH SIGNALS IN PLAY! 🚨
The GNO/USDT chart is showing promising signs of a potential breakout, with price testing critical resistance zones and indicating a bullish outlook.
Current Price: 233.1 USDT
💡 Key Levels to Watch:
Major Resistance: 255.0 USDT – This level has acted as a ceiling, holding back further upward movement. A breakout above this point could signal a strong bullish trend.
Support Zone: 223.4 USDT – This is a significant support area. If the price holds here, it could provide a stable foundation for further upward movement.
📈 LONG TRADE SIGNAL: If GNO breaks and closes above the 255.0 USDT resistance level, consider entering a long position. This breakout could fuel a bullish rally, with targets to monitor:
Target 1: 240.3 USDT
Target 2: 250.0 USDT
Target 3: 255.0 USDT
Suggested Stop Loss: 223.4 USDT to protect against a potential downward reversal.
📉 SHORT TRADE SIGNAL: If GNO fails to sustain above the 233.1 USDT level and breaks below the 223.4 USDT support, consider a short position with expected targets:
Target 1: 220.0 USDT
Target 2: 215.0 USDT
Target 3: 208.7 USDT
Suggested Stop Loss: 240.3 USDT to limit exposure in case of a sudden bullish reversal.