The Graph ($GRT ) Poised for a Major Breakout!
The Graph (GRT) is showing a massive symmetrical triangle on the weekly timeframe,
signaling a critical point in its price action. With consolidation near the pattern's resistance,
the coin looks primed for a breakout that could lead to explosive moves.
Key Levels to Watch:
1. Immediate Resistance: $0.49
2. Next Targets: $1.10 and $2.00
Bullish Setup:
Pattern Strength: Symmetrical triangles often lead to sharp moves upon breakout.
Volume Confirmation: A surge in volume is crucial to validate the breakout.
Indicators: RSI and MACD are aligning for a potential bullish push.
Next Move:
1. Confirmation Trade: Wait for a breakout and close above $0.50 on the weekly chart.
2. Entry Point: Enter after confirmation to minimize risk.
3. Stop-Loss: Place stop-loss below $0.38 to protect your position.
4. Profit Targets: First target at $1.10, with extended targets at $2.00.
Risk Management:
If GRT fails to break higher,
it could retest the lower triangle boundary near $0.32. Be prepared to adjust your strategy accordingly.
GRT is at a critical juncture—watch the breakout for a chance to ride the trend!
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