⚙️ GNO/USDT – Layer 1/2 Token at Key MA60 Inflection
Spot Trading | Binance
📊 Current Stats:
Price: $136.79 (+2.81% today)
24h High/Low: 139.68 / 132.45
24h Volume (USDT): 134,264.04
MA60: $136.60 (Immediate Pivot)
Category: Layer 1 / Layer 2
📈 Technical Context:
Price is testing MA60 support/resistance after a modest daily gain (+1.36%).
Volume is below MA(5) & MA(10), indicating weak momentum and potential for a directional breakout.
Mixed timeframe signals: positive 30D (+10.75%) but negative 7D (-6.64%).
🎯 Trading Setup (Two-Scenario Approach):
Scenario 1 – Breakout Long (if MA60 holds as support)
Entry: Above 137.20 (confirmed strength)
TP1: 139.00
TP2: 141.00
TP3: 143.00
SL: 135.50
Scenario 2 – Rejection Short (if MA60 fails as support)
Entry: Below 136.30 (break of MA60)
TP1: 134.00
TP2: 132.00
TP3: 130.00
SL: 137.50
$GNO ⚠️ Risk Note:
Layer 1 tokens can experience rapid volatility shifts.
Low current volume suggests indecision – wait for confirmation with increasing volume.
Not financial advice. Use strict stop losses and appropriate position sizing.
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