The $GFT /USDT pair has faced a steep decline, shedding 33.67% of its value in the last 24 hours, now trading at $0.01198. With a 24-hour low of $0.01165 and a high of $0.01818, the pair is exhibiting intense price swings. This sharp downturn follows the announcement of $GFT's upcoming delisting on December 10, heightening market uncertainty and volatility for traders.
For those seeking opportunities, the $0.01198 level serves as a crucial support. If the price manages to hold above this threshold, a recovery to $0.013 or even $0.014 could present profitable short-term trading opportunities. On the flip side, if the price breaches the $0.01165 support level, it could trigger further losses, opening the door for potential short-selling setups targeting lower levels.
Given the heightened risks in this scenario, traders are advised to approach cautiously. Tight stop-losses and vigilant monitoring of price action are essential to navigating these unpredictable movements. This environment offers both risk and reward, making disciplined risk management a key factor in leveraging these opportunities effectively.
