$GNS pumped +90% in a day in October. Now it's back at its pre-pump price, and the protocol's TVL is falling. Full round trip. 🚨
Gains Network is trading around $0.38 to $0.39 on a market cap of about $9M, roughly 97% below its all-time high. TVL dropped 23.6% over 30 days to $6.68M, and fees so far this month are only about $10K. 👀
Levels I'm watching:
🟣 $0.51: the post-pump price, the big hurdle
🔴 $0.40: round number, lost, reclaim it first
🟢 $0.38: pre-pump base, being tested right now
⚠️ Lose $0.35 and there's no clear floor below
My plan: no catching the knife. Small size (thin liquidity), tight stop, and I only get interested on a reclaim of $0.40 with volume. I'm out if $0.35 breaks.
Base or breakdown? 👇
#GNS #GainsNetwork #DeFi #crypto #cryptotrading
@BitEagle News @Ismeidy @Wise Analyze
Gains Network is trading around $0.38 to $0.39 on a market cap of about $9M, roughly 97% below its all-time high. TVL dropped 23.6% over 30 days to $6.68M, and fees so far this month are only about $10K. 👀
Levels I'm watching:
🟣 $0.51: the post-pump price, the big hurdle
🔴 $0.40: round number, lost, reclaim it first
🟢 $0.38: pre-pump base, being tested right now
⚠️ Lose $0.35 and there's no clear floor below
My plan: no catching the knife. Small size (thin liquidity), tight stop, and I only get interested on a reclaim of $0.40 with volume. I'm out if $0.35 breaks.
Base or breakdown? 👇
#GNS #GainsNetwork #DeFi #crypto #cryptotrading
@BitEagle News @Ismeidy @Wise Analyze
