$GROK ready for a breakout!

27. Jan. 2024

Looking at GROK recently and after following for quite some time i think we have bottomed out on this chart. A solid cup and handle formation on the hourly TF with a retest of the handle zone

I would expect the next push to break out of this bearish channel and begin to start trending upwards into a bullish channel

What are your thoughts on GROK?

27. Jan. 2024

Anmerkung

To be on the safe side I will be placing my stops at $0.003 which is below the lowest point of the chart just in case a stop hunt occurs to the downside to flush out the long traders

My targets for this move will be around the $0.0058 to $0.006 zone

Take your profits according to your own strategy, i like to let positions run personally and buy the dip after successful retests

good luck