Glq usdt Daily analysis
Time frame daily
Risk rewards ratio >3 👈👌
Target =0.0162 $
Technical analysis
GLQ, as you can see in the image, had been moving within a descending channel for several months.🐻❄️ It eventually broke below the lower boundary of this descending support, signaling a potential drop to traders. Surprisingly, however, the yellow support zone you can see in the chart held very strongly — even after four separate tests, it did not break. This area will be the most important support zone for me, and I do not expect it to be broken at all. Even during the massive crash two weeks ago, when almost all coins experienced drops of up to 70%, this support remained intact.
Time frame daily
Risk rewards ratio >3 👈👌
Target =0.0162 $
Technical analysis
GLQ, as you can see in the image, had been moving within a descending channel for several months.🐻❄️ It eventually broke below the lower boundary of this descending support, signaling a potential drop to traders. Surprisingly, however, the yellow support zone you can see in the chart held very strongly — even after four separate tests, it did not break. This area will be the most important support zone for me, and I do not expect it to be broken at all. Even during the massive crash two weeks ago, when almost all coins experienced drops of up to 70%, this support remained intact.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.