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GRT

GRTUSDT (GRT) - BUY ENTRY ANALYSIS 🔎 - GRTUSDT was bounded in the descending triangle (DT) pattern. - Price brokeout above the descending triangle's inclined resistance. - This is a bullish signal. - The market hit a swing high and retraced. - Price is retesting the descending triangle's inclined resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). -There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance (DTR). - A breakout above this descending trendline resistance could be a bullish signal. BUY ENTRY ⬆️ - Stop limit entry : breakout above the descending trendline resistance. - Limit entry : the key fibonacci retracement zone (0.5 - 0.618 - 0.786). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh