Was deslisted in the Binance and Bybit. Better, deslist in process... I never will buy it! Risk of down more 30% in anytime. Only God know when will rise.

$GFT /USDT Technical Analysis & Trade Signals


Market Overview

Current Price: $0.00515

Trend: Bearish (strong downtrend with price falling significantly over 24 hours)

Volume: High (3.39B GFT), suggesting significant activity but dominated by selling pressure.

Key Support Level: $0.00504 (24h low)

Key Resistance Level: $0.00560 (recent consolidation zone)

Momentum Indicators:

1. RSI (Relative Strength Index): Oversold (<30), indicating potential for a short-term bounce or correction.

2. MACD: Bearish crossover, confirming the downtrend but signaling a potential slowdown.

3. Moving Averages (MA):

50 EMA: Above current price, indicating bearish momentum.

200 EMA: Far above current price, confirming long-term downtrend.

Trade Setup

Short-Term Trade (Momentum: Bearish)

Entry: $0.00515 (Current price)

Stop Loss: $0.00570 (Above resistance level)

Targets 🎯:

1. Target 1: $0.00500 (First support zone)

2. Target 2: $0.00480 (Previous swing low)

3. Target 3: $0.00450 (Major psychological support)

Momentum:

Trend Continuation: Bearish if price stays below $0.00530.

Reversal Signal: Watch for breakout above $0.00570 with increasing volume.

Trade Signal Summary

Short Position Recommended: As long as the price remains below the $0.00530 resistance.

Caution: High risk of volatility; adjust position size accordingly.

Monitoring Tip: Use 15m and 1h charts to confirm entry signals and track momentum.

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