#MyFamily #MyAdvice 📈 GFT/USDT Analysis: Key Levels and Entry Strategy
1. Support and Resistance Levels: Support (S): The recent low at $0.02688 acts as a crucial support level. Resistance (R): The previous high at $0.02738 serves as a significant resistance level.
2. Current Situation:
- GFT/USDT is currently trading around $0.02721.
- The recent decline of 4.59% highlights market volatility.
3. Attractive Pattern:
- The bullish engulfing pattern emerges, signaling potential upward momentum.
- This pattern occurs when a smaller red candle is followed by a larger green candle, suggesting a reversal from bearish to bullish sentiment.
4. Entry Strategy:
- Buy Entry: Consider entering long positions if the price breaks above the resistance level ($0.02738).
- Stop Loss: Set a stop loss just below the support level ($0.02688) to manage risk.
- Target: Aim for the next resistance level or beyond.
:Remember to conduct further research and stay updated on market news. Happy trading! 🚀
#GFT/USDT #BinanceTurns7 #GFT智能策略库🥇🥇