⚙️ GNO/USDT – Layer 1/2 currency at the 60 moving average turning point
Spot Trading | Binance
📊 Current Statistics:
Price: $136.79 (+2.81% today)
24h High/Low: 139.68 / 132.45
24h Trading Volume (USDT): 134,264.04
60 Moving Average: $136.60 (Immediate Pivot)
Category: Layer 1 / Layer 2
📈 Technical Context:
The price is testing the support/resistance of the 60 moving average after a modest daily gain (+1.36%).
The volume is below the 5 and 10 period averages, indicating weak momentum and potential directional breakout.
Mixed time signals: Positive 30 days (+10.75%) but negative 7 days (-6.64%).
🎯 Trading Setup (Scenario System):
Scenario 1 – Buy on breakout (if the 60 moving average holds as support)
Entry: Above 137.20 (Strength Confirmation)
Target 1: 139.00
Target 2: 141.00
Target 3: 143.00
Stop Loss: 135.50
Scenario 2 – Sell on rejection (if the 60 moving average fails as support)
Entry: Below 136.30 (60 moving average break)
Target 1: 134.00
Target 2: 132.00
Target 3: 130.00
Stop Loss: 137.50
$GNO ⚠️ Risk Note:
Layer 1 currencies may experience rapid fluctuations in volatility.
The current low volume indicates hesitation – wait for confirmation with an increase in volume.
Not financial advice. Use a strict stop loss and appropriate position size.
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