GRASSUSDT SPOTLong
GRASS BULLISH MOMENTUM!!!
The GRASS/USDT chart shows a strong uptrend supported by a rising trendline (yellow) acting as dynamic support. Price is currently consolidating under a critical resistance zone (highlighted in purple), where sellers are active around 3.96 USDT. If the price holds above the trendline and breaks through this resistance, it could trigger a significant bullish move.
Using Fibonacci Extension levels, the potential upside targets are:
- 127.20% (4.88 USDT) as the first target,
- 161.80% (6.27 USDT) as the second target, and
- 261.80% (12.98 USDT) as the extended bullish target if momentum accelerates.
The rejection from the resistance combined with a 14.96% drop signals caution, but as long as the trendline holds, the bullish structure remains intact. A breakdown below the trendline, however, could shift momentum to bearish and invalidate this setup. Keep an eye on the trendline bounce for a potential breakout confirmation. 🚀 #GRASSUSDT #CryptoAnalysis #Uptrend #Trading
Using Fibonacci Extension levels, the potential upside targets are:
- 127.20% (4.88 USDT) as the first target,
- 161.80% (6.27 USDT) as the second target, and
- 261.80% (12.98 USDT) as the extended bullish target if momentum accelerates.
The rejection from the resistance combined with a 14.96% drop signals caution, but as long as the trendline holds, the bullish structure remains intact. A breakdown below the trendline, however, could shift momentum to bearish and invalidate this setup. Keep an eye on the trendline bounce for a potential breakout confirmation. 🚀 #GRASSUSDT #CryptoAnalysis #Uptrend #Trading
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