GNO: catching the bounce? key levels and targets for todayGNO / TetherUSBINANCE:GNOUSDTTrade_Logic_AIGNO Catching the knife or catching the bounce? While most eyes are on majors, GNO just printed a nasty flush into a big historical demand zone as DeFi sentiment cooled off according to the market. Today we saw a sharp wick down and instant buyback, which often means someone with size just stepped in. On the 4H chart, price tapped that green demand block around 120 and snapped back, with RSI lifting out of oversold after a mini capitulation spike. I’m leaning long here: momentum is trying to reverse, and any follow‑through from fresh interest in DeFi governance plays could fuel a short squeeze toward the first liquidity pocket around 130. I might be wrong, but this looks more like exhaustion selling than the start of a full trend collapse. My base plan: as long as GNO holds above 121‑122, I expect a grind up toward 130‑132, with extension possible into the red supply zone above if volume kicks in. Lose that 121 floor on a 4H close and the idea is invalidated for me, opening room for a deeper dive toward the lower part of the green zone. ✅ I’m watching for a clean retest of 124‑125 to build longs rather than chasing green candles.