đ¨ #GRT/USDT ANALYSIS đ¨
Current Setup:
GRT is consolidating within a descending channel, a typical bearish pattern where prices are gradually declining while bouncing between the support and resistance trendlines.
đ Key Observation:
GRT is now testing the channelâs resistance trendline, and the 200MA (200-day moving average) is also sitting right at this level, creating a strong double resistance barrier. This is a critical area to watch for the next move!
đ What to Look For:
Bullish Scenario:
To confirm a potential upward move, we need to see a clean breakout above both the descending channel and the 200MA. This would signal a shift in momentum, opening the path for higher prices.
Bearish Scenario:
If GRT fails to break through the resistance, we could see a downward continuation within the channel. This would likely push prices toward the lower trendline of the channel.
đ Next Steps:
Keep a close eye on this key resistance area. A breakout or rejection here will define the next big move for GRT!
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