GRTUSDT.P trade ideas
GRT finally gets a proper breakout - and RSI above 50TLDR: GRT breaks resistance with rsi above 50, yet BTC drop looms around, so it is best to wait for GRT to drop a little and find a support.
GRT has finally broken the resistance line from the top, and is near the bottom of the triangle formation.
The sell zones are highlighted on the chart.
Caution:
1 - To continue trending it must stay above the line mentioned in the chart.
2 - There is a high chance that BTC will drop to the 37k range, at which point GRT will come down to retest this resistance line it's been stuck under. This would be the most ideal time to buy.
GRTUSDT is testing the supply zone as resistanceThe price is testing the weekly resistance after getting the liquidity as I told you in my previous idea.
on the 4h timeframe the price is creating a descending channel below the 4h supply zone where the price got a rejection.
How to approach?
The price needs to have a breakout from that area and flip the supply zone into new demand zone. so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Small Cap alt coins trending, GRTGRT is currently showing strong signs of an uptrend where DMI and MACD are showing an positive trend and the RSI is showing signs of steam ahead.
Something to note is that this chart is dependent on the Bitcoin chart and if there is strong negative momentum in the Bitcoin chart may this change the berhaviour of the GRT chart.
There is an distinct bottom placed at 0.3503.
Entry slightly under the market price at around 0.39.
Stop loss roughly 5% under entry at 0.38 to 0.385 range.
GRTUSDT wants the demand zone?The price is testing the support on 0.35$ after a rejection from 0.40$ weekly resistance. If the market is going to hold the support we could see a Inverse head and shoulder, But if the price is going to lose it, we could see a new bearish impulse unit the demand zone on 0.32$
So how to approach?
We are waiting for the breakout to the downside, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
GRT AT BOTTOM???This is very risky trade but risk to reward is very small.
So enter at about 0.3195
sl 0.3139
tp1 0.48
tp2 0.65
Reason behind this trade is break ofs trucutre on 4h timeframe and grt is currently in weekly demand zone that caused pump of 2.8
This is risky trade because of btc movement also but we will see. Risk is only about 1 % (times your leverage you use) and possible profit is 60%
Giving out 1:60 rr
This tread depnds only on btc movement.
GRT LOWEST PRICE IN NEXT FEW MONTHS???Grt is by my opinion one of most bullish coins.
Here is why:
GRT is currently in weekly demand zone which reaction broke structure on 1day timeframe.
Also GRT is in demand zone from 1d and 4h from all break of structures.
You can go for few months long investment till 2.8 usd ( which I think is reachable) or go for swing trade and tp at 0.7 or 0.6
Remember do not use high leverage, everything above 5x is too much and not needed since even profit without it is so big.
ALL BUYS IN THIS DEMAND ZONE AS LONG TERM ARE GOOD BUYS.
For swing trade its your choice to choose from which point of demand zone you want to enter. This chart is similar to btc chart which makes this even better and safer trade
SL should be below both demand zones
GRT - Your time has come, Enekin!🥊- BTC bullish
- Trend bullish
- Lots of touches
- Level visible on daily timeframe and under
- Over VWAP
- ATR 50
- False breakout happened
- When print will go faster and base on 5m tf near the level will appear, I'll enter
Close by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
The rest we keep to reach maximum potential
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
GRT GOING FOR 8X ( SIGNAL SWING TRADE)GRT hasnt been pumping last few days from demand zone as much as best coins which doesnt mean it wont.
GRT is extremely bullish coin by my opinion. We had break of structure on 4h timeframe and its slowly getting to demand zone that cuase bos.
On 1d timeframe it had change of character which is insane.
WHY I EXPECT IT TO HIT ATH:
-Grt is currently in 1 week demand zone from past
-It had break of structure on 4h timeframe and change of character on 1d timeframe which is very bullish singn
-Also its been going down after being in big hype and I think its time to make him come back in hyped coins
-USDT Dominance is in its supply zone on 1d timeframe which will make usdt dominance go down and all other coins go up
Literally all signals I posted from past were right so I will try to keep it as that. If you followed some of my buy signals I posted you will be in at least 20% profit without any leverage.
ALPINE 60%
LUNA 30%
JASMY 50%
ZIL 20%
APE 60%
ALL in about a week.