gho

$GNO /USDT is sitting in a reaction zone after a clear sell-off from the 146 area. Price tapped lows near 124 and bounced, but the recovery lacks strength looks more like a pause than a reversal.

Right now, market structure is still leaning bearish. Lower highs are forming, and price is struggling to reclaim the 134–136 supply zone. That area is key sellers previously stepped in aggressively there.

If price pushes back into 133–136, I’m watching for rejection and liquidity grabs. That’s the short trigger.

Plan: Entry: 133–136 (on rejection)
SL: Above 138 (invalidation above structure)
TP: 125 first, then 121 if momentum continues

If buyers manage to hold above 136 and build acceptance, the bearish idea is off. That would signal strength and shift the structure.

For now, this looks like a bounce into supply and I’m treating it as such.

#GHO