‼️Quick technical analysis of $GFT ‼️

Japanese candlestick movement and analysis of the most important indicators:

• We notice high volatility with long candles reflecting sharp movements, indicating a state of instability and an increase in buying and selling pressure.

• The last candle is strongly bearish, indicating the presence of clear selling pressure that pushed the price down.

Technical indicators:

1. EMA (Exponential Moving Average):

• The 7-day exponential average is below the 25-day average, showing a bearish trend in the short term.

2. MACD:

• The MACD line is very close to zero with a weak intersection with the signal line, showing weak momentum in the current trend.

3. RSI (Relative Strength Index):

• The RSI value (24.39) indicates that the currency is in the “oversold” zone, and we may witness a short-term rebound soon.

4. Stochastic RSI:

• A crossover appears in the middle areas (51.33), indicating a fluctuation in the trend without clarity.

Recommendation:

• For short traders: Avoid opening new positions until the vision becomes clear, or wait for a possible rebound from oversold levels.

• For investors: Watch the support levels around 0.00569 as a crucial level, and the market rebound may be an opportunity to enter with caution.

• Warning: Low trading volume may increase volatility, so manage risks carefully.