Based on the $G USDT 1-hour chart:

The chart demonstrates a sharp price increase on the 7th, followed by a significant retracement. Currently, the price is consolidating around $0.03194, near its previous base level.

Analysis:

1. Long Position:

Entry: Consider entering long near $0.03150–$0.03200, as this level aligns with historical support.

Stop Loss: Place at $0.03050, just below the recent support level.

Target: First target at $0.03500, second target at $0.03700 if momentum builds.

2. Short Position:

Entry: If the price breaks below $0.03150 with high volume, consider shorting.

Stop Loss: Place at $0.03250, above the breakdown level.

Target: First target at $0.03050, second target at $0.02950.

Recommendation:

Wait for confirmation of direction. If the price holds above $0.03150, the market favors a long position. However, if it fails to sustain this level, shorting becomes more favorable. Be cautious and monitor market volume for stronger signals.

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