GRT/BTC has been setting up an ascending triangle since roughly two weeks and had two fakeouts in a row due to BTC's spike but now looks promising for a long position after successfully retesting the uptrend. Either DCA as long as it's inside the triangle or buy after it breaks through the resistance. Buy zone: 1640 - 1850 sats Important resistance: 1900 sats
On the USDT pair it recently broke out of a symmetrical triangle and finished testing the prior resistance as new support:
Consider using a stop loss a bit below the uptrend in case the trade doesn't work as planned.
What’s the near term highest Satoshi level we can expect to reach?
bed87
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I think it's got to correct first, you don't go 30% up without some kind of correction.
bed87
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Can I still get it below 1750?
Wolfy_
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@bed87, Likely yes or at least an entry close to it. Bearish divergence on the 5m at the moment, the short term uptrend is currently still intact but this can change quickly though.
As long as it's below 1900 sats the breakout isn't confirmed and it's best to tread with caution and patience.
I cannot see the future which is why I prefer to dollar-cost average when I see an interesting setup - allows you to continually buy in, catch lows and let you end up with a decent entry and in case it breaks out earlier than expected you're already at least partially in your position and if it dumps unexpectedly you're luckily only partially in.
There's still room for it to move further into the triangle and potentially test the uptrend again so no rush (yet).
bed87
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@Wolfy_, Whew thankfully put back an order at around 1792 just now it shot back up, I'm getting less though since I messed up before. Any idea a final area to sell at?
bed87
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@Wolfy_, Looks like it stalled at about 1993, sell it now or wait for retest?