Analysis: GateToken (GT) is trading at $21.38, showing signs of a potential breakout. The daily chart displays a bullish ascending triangle, with GT testing the $21.66 resistance level (Web ID: 2). The 14-day RSI is at 59.98, indicating neutral momentum with room for upside (Web ID: 11). Recent bullish candles suggest buyer dominance, and a break above $22 could target $24.19, the cycle high (Web ID: 17). The 50-day SMA ($21.37) provides support, reinforcing the bullish setup (Web ID: 11). Volume is steady, supporting a potential move higher.
Trade Setup:
Entry: $21.50–$21.70
Target: $24.19 (13% upside)
Stop Loss: $20.50 (below 50-day SMA)
Risk-Reward Ratio: 1:2.5
Confidence: High (75%)
Note: Monitor volume on the breakout for confirmation.
Trade Setup:
Entry: $21.50–$21.70
Target: $24.19 (13% upside)
Stop Loss: $20.50 (below 50-day SMA)
Risk-Reward Ratio: 1:2.5
Confidence: High (75%)
Note: Monitor volume on the breakout for confirmation.
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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.