Grok Ready To Retrace 30%?Being this is a silly crypto meme coin it is hard to say if prices will hold but with that said on the short term still tradable. Risk profile on meme coins is an obvious 100%.
This is a daily chart showing a likely complete measured move with a 9 day down trend. Lower time frames are looking positive bringing this in play for a potential retrace and if the crypto market as whole pushes up possible continuation.
Personally I see these things as potentially profitable PLAY and capital investment should be minimal if at all.
To trade this will be completely reliant on the daily trend IF one developes. Simply looking for daily higher highs and higher lows. Unloading above previous day highs and looking to retake above previous day lows. This is a very simple strategy sticking with the trend as these tend to retrace 50-75% of nearly every move they make.
Trade Well....
Your Friend,
Degen
GROKUSDT trade ideas
[GROKUSDT]Just heard about this one on twitterHello,
Saw this random meme coin, but I think it can attract lots of attention.
The important is its position in the coin cap,
Total Market Cap(USD)
71.76M
Circulating Market Cap (USD)
71.84M (is NOTHING in this market)
Total Circulation
6.90B
100% of Total Supply
The token is inspired by Grok, an artificial intelligence system developed by xAI. The artificial intelligence system draws inspiration from Musk’s vision of the future and is a Conversational artificial intelligence model with Internet browsing capabilities.
Anyway I would buy myself if it goes to my buy Zone. If I buy now I subject myself to price movements.
I just want invest in coins that already went through their 50% retracement.
SO PLEASE SUGGEST COINS THAT HAVE ALREADY RETRACED, I WILL ANALYSE THEM AND SEE WHEN TO BUY AND WHEN TO SELL.
Enjoy.
Grok.. An opportunity to look aftermeme (shit) coins have been killing it recently.
I believe grok is going to shine in 2024, but for me, not gonna buy until it hits my down targets.
one reason why I'm thinking about it, is because of the massive daily volume for a coin with no such usage!
First it has to come down, to the specified targets, then, up and up only!
Buy:
$0.0015 - $0.001
Stop loss:
$0.0009
Sell:
$0.005 (Secure Capital!!! + 25% profit)
$0.05
$0.13
Bonus:
$0.33
$0.70
--
Disclaimer:
Not a financial advice, do your own research and analysis before making an investment decision.
I'm sharing my ideas for my own reference only.
BEST TIME TO BUY GROK?As i was taught, the best time to buy is when others are fearful and the masses have sold their losing positions and walked away with their tail between their legs
Only then will you see a true reversal occur
This move down looks manipulated to me and is likely a move to stop out over leveraged long traders and get rid of the jeets that do not like to hold on to losing positions understandably, that is how the human brain thinks and reacts based on trading psychology
Seeing as Bitcoin and other tokens are in the green today i can see this making a break to the upside in spectacular fashion over the next few days/weeks/months
Taking note of the time of the month too we are 1 day away from a monthly candle close so a wick seems very likely
Selling pressure is decreasing, we have a bullish divergence on the RSI indicator and we have just tapped the 61.8% golden fibonacci ratio which more often than not gets lots of support from early buyers re buying the dip
If this fibonacci fails to hold then i would be looking at GROK possibly heading to make a new low or a double bottom at its all time low on this chart
All depends on the fundamentals too, we have to remember GROK is a meme coin with no roadmap and no team, their twitter account was suspended not long ago, and a while back ZachXBT exposed their twitter account for having launched a crypto scam previously
They have an extremely toxic community which is very bad for a supposed COMMUNITY DRIVEN project too which is not ideal in this situation
Make sure to keep up to date with everything you can and the liquidity pool is also handy to have on watch in case of sudden large removals
Thanks for reading!
GROK BULL RUN STILL POSSIBLEGood morning traders
A few days ago i posted about GROK and the potential it has of starting its bull run
We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks
If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes
I am still very bullish on GROK at this time and the cup and handle pattern is still valid
An invalidation would be shown when the bottom of the cup pattern is breached and closed lower
Until then i will continue to add to my GROK holdings at a discount
Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved
Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis
MY TAKE ON COMMUNITY...
Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy
Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions
Enjoy the rest of your day!
GROK perhaps next movegrok was seeking liquidity. we found those areas and possibly ready to now move in the right direction. grok AI will be released to public in about 20-45 days according to Elon Musk. Its the strongest Narrative in the community of crypto. might not be abad idea to start accumulating here. NFA - purple area highlighted is next area of demand. market is constantly seeking liquidity, lets get it.
$GROK ready for a breakout!Looking at GROK recently and after following for quite some time i think we have bottomed out on this chart. A solid cup and handle formation on the hourly TF with a retest of the handle zone
I would expect the next push to break out of this bearish channel and begin to start trending upwards into a bullish channel
What are your thoughts on GROK?
GROK LONG hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
