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.
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
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.
Buy Limit Order @ 0.79804
TP 1 @ 0.82972
TP 2 @ 0.88155
Stop Loss @ 0.78220
Trade Safely 🙂