$GNS tried to flex near 1.08–1.09… and got hard rejected.

What followed wasn’t noise — it was a high-momentum dump that sliced through intraday supports like butter 🩸

Now price is trapped below 1.00, compressing under former support. This isn’t consolidation for upside — it’s weak hands holding the bag.

📉 Market Read:

• Impulsive sell-off = sellers in full control

• Below 1.00 = supply > demand

• Bounces look like short fuel, not reversals

🎯 SHORT GAME PLAN

Entry Zone: 0.99 – 1.01 (weak bounce / pullback)

Targets:

→ 0.97 (first bleed)

→ 0.94 (structure breakdown)

→ 0.90 (panic zone)

🛑 Invalidation:

Close above 1.05 (1H) = thesis wrong, step aside

⚠️ Bias:

Bearish as long as price stays below 1.02–1.04

This breakdown wasn’t accidental — distribution already happened.

Trade what you see.

Not what you hope. 🐻🔥

$GNS #cryptotrading #PriceActionHype #ShortSetup #USNonFarmPayrollReport #USTradeDeficitShrink