Trade setup 🎯 $GNS
Entry Zone:0.995 – 1.015
Targets
TP1: 1.078
TP2: 1.150
TP3: 1.220
Stop-Loss:0.940
Analysis
$GNS recently experienced a significant V-shaped recovery after bottoming out near the 0.870 level. The price showed a strong impulsive move upward, successfully breaking through the major Moving Averages (MA25 and MA99) on the 1-hour timeframe.
Currently, the price is undergoing a healthy corrective pullback after hitting a local peak of 1.078. It is now testing the 1.000 psychological level and the MA25 (pink line) as support. The decrease in selling volume during this dip suggests that this is consolidation rather than a reversal, as buyers look to defend the previous breakout zone.
Outlook
As long as the price holds above the 0.946 support (recent higher low), the bullish recovery structure remains intact. A sustained move and candle close above 1.040 would likely trigger a continuation toward the 1.078 resistance and beyond. A break below 0.940 would invalidate this short-term bullish setup and suggest further downside testing.#BinanceAlphaAlert #analysis $GNS
