$GENIUS got the kind of headlines retail chases: Binance futures listing + supply burn. Price still failed to reclaim the real trend level. That usually means the news was for distribution, not continuation.

On the 4h, the post-spike structure still looks damaged under the MA30 zone. On the 15m, this rebound is pushing into overhead resistance around 0.60 while momentum is flattening. I’m treating this as a dead-cat bounce inside post-TGE distribution.

Bias: Short

Entry: 0.5960–0.6030

SL: 0.6165

TP1: 0.5790

TP2: 0.5645

TP3: 0.5480

If buyers were really in control, $GENIUS should have used the Binance perp launch and burn headline to force a clean reclaim. It didn’t. That leaves late longs vulnerable and makes the bounce fadeable. #genius #DeFi #BinanceFutures