TradingView
cultureofwoods
Mar 5, 2024 11:23 AM

GFTUSDT Squeeze Long

GFT / TetherUSBinance

Description

Beautiful bullish pennant from GFT giving a clear target of $0.1 - be aware it might fall short of this; I would sell around 0.98 for a clean 4x. Doesn't get much clearer than this...
Comments
cultureofwoods
Just a note to say that this pattern is only playing out on Binance; other exchanges are showing a running flat correction off a first impulse wave and the targets are different (more conservative). The price action on Binance will likely play out but - if you're thinking of taking a trade - don't trade this idea on any other exchange.
Balannich
@John_parker, binance? Its not even listed there
cultureofwoods
@Balannich, It is, under GFT/USDT pair. You can see from the TradingView chart that I posted at the top left... Current trade is an entry at $0.21-0.23 for a target of $0.37 - 0.49. Recent bearish price action has lowered expectations for me
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