GRASS/USDT 4H Chart Analysis
In this setup, I'm closely monitoring the entry zone marked within the gray box, as I'm expecting a wave 2 retracement based on Elliott Wave analysis. This corrective wave should ideally lead to a reversal, aligning with the continuation of the bullish momentum into wave 3.
Key levels to watch:
The potential 0.618 - 0.786 Fibonacci retracement zones for wave 2, leading to wave 3 targets between $6.02 and $8.15.
Final wave 5 target at $11.96, which aligns with the 1.618 Fibonacci extension.
The market sentiment and structure remain favorable for another pump, provided we hold the entry zone.
I'll update as the price action unfolds.