$GNO 229x volume into resistance — breakout or bull trap?
My bias is bearish on the 1h. The vertical spike into 117.68–119.02, followed by a wick above resistance, looks more like a liquidity grab than clean accumulation.
I’m watching 117.54–118.41 for rejection. If sellers step in, targets are 115.00 → 113.84 → 112.24.
I would not chase the spike. A 1h close above 117.54, followed by a successful retest of 116.13–115.82, would invalidate the bearish setup and shift my bias bullish toward 118.41 and 126.79.
BTC remains constructive, so GNO’s broader flow still matters.$GNO
#GNO #CryptoTrading #Altcoins #Binance #Crypto
My bias is bearish on the 1h. The vertical spike into 117.68–119.02, followed by a wick above resistance, looks more like a liquidity grab than clean accumulation.
I’m watching 117.54–118.41 for rejection. If sellers step in, targets are 115.00 → 113.84 → 112.24.
I would not chase the spike. A 1h close above 117.54, followed by a successful retest of 116.13–115.82, would invalidate the bearish setup and shift my bias bullish toward 118.41 and 126.79.
BTC remains constructive, so GNO’s broader flow still matters.$GNO
#GNO #CryptoTrading #Altcoins #Binance #Crypto