$GNO USDT Analysis:

Just fired a rejection candle from resistance with strong selling pressure building at the highs....................

Sellers stepped in aggressively after testing the $125-126 zone, which usually signals a reversal instead of continuation....................

As long as price stays below the resistance zone around $124-125, downside pressure looks intact and late buyers may get trapped on the way down..............

Trade Setup

Entry: 124.50 – 123.80

Target 1: 120.00

Target 2: 117.50

Target 3: 115.00

Stop Loss: 126.50

GNO

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