Targeting a short entry on GRT/USDT after key signs of exhaustion and overextension.
🔹 Fib Tool anchored from local bottom at ~$0.08185 to top ~$0.10015
🔹 Currently testing 0.236 retracement at ~$0.09650 after rejection near top of BB
🔹 Bearish divergence forming on RSI (Lower High) vs. price (Higher High)
🔹 MACD histogram flipping red, signal line curling
🔹 Volume declining, suggesting weakness in bullish momentum
🔹 Entry just under $0.097 with tight SL at ~$0.101 (above previous wick)
TP Zones:
• 25% at 0.382 ($0.0910 / ~$0.0888)
• Optional deep catch at 0.786 if market momentum collapses
This idea is designed around structure breaks, mean reversion, and a weakening bullish impulse.
Always DYOR – sharing this for community refinement and feedback.
🔹 Fib Tool anchored from local bottom at ~$0.08185 to top ~$0.10015
🔹 Currently testing 0.236 retracement at ~$0.09650 after rejection near top of BB
🔹 Bearish divergence forming on RSI (Lower High) vs. price (Higher High)
🔹 MACD histogram flipping red, signal line curling
🔹 Volume declining, suggesting weakness in bullish momentum
🔹 Entry just under $0.097 with tight SL at ~$0.101 (above previous wick)
TP Zones:
• 25% at 0.382 ($0.0910 / ~$0.0888)
• Optional deep catch at 0.786 if market momentum collapses
This idea is designed around structure breaks, mean reversion, and a weakening bullish impulse.
Always DYOR – sharing this for community refinement and feedback.
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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.
Disclaimer
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.