🔥 Market Update: Rejection at Highs – Sellers Stepping In
My dear family, the market is showing clear rejection near the highs, and sellers are starting to apply pressure.
📉 $GNO / USDT — SHORT SETUP
Trade Plan
Entry: $123.5 – $125
Stop Loss: $127.2
Targets:
🎯 TP1: $121
🎯 TP2: $118.5
🎯 TP3: $115
Why this setup?
Price has pushed into a major resistance zone after an extended upside move
Upper wicks on the 1H signal strong selling pressure
Momentum is clearly slowing, suggesting exhaustion
A pullback toward previous demand looks very likely
⚠️ This looks like a local distribution area, not strength.
💬 Debate Time Can bulls still break $126, or is this the local top?
🔎 My view:
Bulls can break $126 only if we see:
Strong volume expansion
Clean acceptance above $126 (not just a wick)
Without that, every push higher looks like liquidity for sellers, making this short setup valid until proven otherwise.
📌 Bias: Short below $126
📊 Trend Play: Sell the rejection, not the hope
💡 Trade smart. Manage risk. Let the market confirm.