$GRT is trading at $0.2232, reflecting a 6.90% gain over the last 24 hours. The price is approaching its 24-hour high of $0.2290, indicating bullish sentiment with the potential for a breakout.
Trade Setup
Long Setup:
Entry: Above $0.2300 (Breakout confirmation)
Stop Loss (SL): $0.2200
Take Profit 1 (TP1): $0.2400
Take Profit 2 (TP2): $0.2500
Short Setup:
Entry: Below $0.2200 (Breakdown confirmation)
Stop Loss (SL): $0.2250
Take Profit 1 (TP1): $0.2100
Take Profit 2 (TP2): $0.2000
Technical Outlook
$GRT shows strong bullish momentum. A breakout above $0.2300 could lead to a rally toward $0.2500. However, failure to sustain above $0.2200 may result in a retracement toward lower support levels.
Monitor the price action and volume for confirmation, and use disciplined stop-loss levels to manage risks effectively.
