Golem (GNT) Trade Setup

Golem is in a descending triangle formation where we see a triple bottom at ~5000 satoshis.

Bullish Signals:
- Triple Bottom
- Oversold RSI
- Brass Golem v1.0 to be announced in the coming weeks/few months.
- Golem not added on Binance or Korean exchanges yet.
- Golem currently at 5,000 satoshi with previous ATH (All time high) of 25,000 satoshis. And this month's ATH of 9000 satoshis.

We will get a bullish formation once GNT breaks the upper triangle line, and bearish confirmation once 5000 satoshi support breaks downward.

I am overall very bullish on GNT regardless as I believe in its fundamentals which imho is much influencial price booster on the longterm.

Entry:

5000 Satoshis or once we get a bullish confirmation.

Good luck to all!

Comment:

We are pretty close to support at ~5100 Satoshis. In my opinion, this is a perfect entry point where u can start accmulation. If you prefer to diminish your risk in this trade, u can wait to buy once we get a bullish confirmation once we breakout of this triangle upwards.

Stop loss: 4850 Satoshis
TP1: 7950 Satoshis
TP2: 9950 Satoshis


PS: I am holding GNT longterm regardless.

Comment:

We are still in the triangle! Stop loss confirmed once we get a full 4hr candle under 4850 satoshis.

GNT currently touching support!

Trade closed: stop reached:

Broke support at 4850 satoshis.

Comment:

GNT might go down as low as 4000 satoshis. You can accumulate between 4400-4000 satoshis.