#GNOUSDT remains weak after a strong drop

40
📉 SHORT GNOUSDT.P from $181.40
🛡 Stop Loss: $186.50

⏱ 1H Timeframe

✅ Overview:
➡️ GNOUSDT.P experienced a sharp rally above $210, followed by an equally strong pullback.
➡️ The POC (Point of Control) at $187.27 indicates the highest liquidity area, which serves as a strong resistance level.
➡️ Price is consolidating below $183.12, signaling potential seller dominance.
➡️ If $178.55 breaks downward, further decline toward $175.30 is expected.

⚡ Plan:
➡️ Enter short upon a confirmed break below $181.50.
➡️ Stop-Loss placed at $186.50, above the resistance zone.

🎯 TP Targets:
💎 Take Profit1- 178.55
🔥 Take Profit2- 175.30

🚀 GNOUSDT.P remains weak after a strong drop—expect further downside.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.