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GRT/USDT (Futures) Potential Upward Movement

GRT/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.79804, 0.88155, 0.89000.

Key Support Levels: 0.79804, 0.75342, 0.75000.

Daily Chart:

The price on the higher time frame found support around the area of confluence made of the 61.80% Fibonacci retracement level and the bespoke support (0.75000 USDT). The market is about to end a pullback to this area before seeing a new bullish impulsive wave toward the next key resistance level.

GRT/USDT (Futures) Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair succeeded to break the wedge formation to the upside where a series of higher lows and highs has been posted. The market now is above the key resistance area (now support), where it is traded inside a range. We expect a lower correction to the bespoke support before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 0.79804

TP 1 @ 0.82972

TP 2 @ 0.88155

Stop Loss @ 0.78220

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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