GRT has lost its prior structural support at $0.020, retracing into a lower range where daily support has formed at $0.006. This region now serves as the key demand zone for potential structural recovery.
Key Technical Points:
- Previous Support Lost: $0.020
- Current Support: $0.006
- Bias: Reversal potential forming
After the breakdown, buyers have begun absorbing liquidity at the base, indicating accumulation at lower levels. A bullish retest around $0.006 could confirm the formation of a double-bottom structure, which often precedes a short-term trend reversal.
Holding this base may allow price to reclaim higher levels, targeting the $0.010–$0.012 range. Conversely, failure to defend support could lead to extended downside.
Overall, GRT remains in early accumulation, with $0.006 serving as the make-or-break level for bullish continuation.
Key Technical Points:
- Previous Support Lost: $0.020
- Current Support: $0.006
- Bias: Reversal potential forming
After the breakdown, buyers have begun absorbing liquidity at the base, indicating accumulation at lower levels. A bullish retest around $0.006 could confirm the formation of a double-bottom structure, which often precedes a short-term trend reversal.
Holding this base may allow price to reclaim higher levels, targeting the $0.010–$0.012 range. Conversely, failure to defend support could lead to extended downside.
Overall, GRT remains in early accumulation, with $0.006 serving as the make-or-break level for bullish continuation.
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Trade with perks & support the community!
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
