Trade Setup: GFT/USDT (1D)Trade Setup: GFT/USDT (1D)
Chart Overview: GFT is currently respecting a long-term ascending trendline (green line) after a period of consolidation. The price recently bounced from this trendline, indicating potential bullish momentum.
Entry: Consider entering around the current price level ($0.0196), especially if the price continues to hold above the trendline.
Targets:
Target 1: $0.0260 (First major resistance)
Target 2: $0.0320 (Prior high area)
Target 3: $0.0460 (Potential breakout level)
Stop Loss: Place a stop loss slightly below the trendline at $0.0170 to protect against a downside break.
Risk/Reward: Favorable with a potential 2:1 or 3:1 ratio, depending on entry and target levels.
DYOR NFA
Lomg-term
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GoldViewFX - WEEKLY CHART LONG TERM TARGETSHey all,
Weekly chart looks very Bullish with the Goldturn trendline broken to the upside opening target to 1876 and with enough momentum in that range will easily take out the upper targets.
1766 is the lowest of the range we can see over the coming months and any deeper price drops can go as low as 1677. Price does not seem to stay in this low range for long and historically weekly candles wick out. Its worth noting this if we end up in this range in the coming weeks/month to avoid getting sells stuck, as we can see from historical movements, it can leave the range very quickly.
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GoldViewFX
XAUUSD TOP AUTHOR
TATA ELEXI - STRONG SWING TRADE BUY IN DIPS NOW 1266.45 SL 1130 TARGET 1400 1450
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