Hello everyone, let's take a look at the 1H GST to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider: T1 - $ 0.0783 T2 - $ 0.0895 T3 - $ 0.0989 T4 - $ 0.1078 and T5 - $ 0.1205
Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.0552 SL2 - $ 0.0523 SL3 - $ 0.0450 SL4 - $ 0.0370 and SL5 - $ 0.0330
Looking at the CHOP indicator, we can see that in the 1H range most of the energy has been used, while the MACD indicator shows that we are continuing the downward trend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.