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theCrypster
Feb 28, 2023 11:18 AM

#GRTUSD - 25-50% Drop Incoming Short

The Graph / U. S. DollarKraken

Description

#THEGRAPH is showing signs of turning relatively bearish sometime very soon. We've had a big pump up and now support is spread thin.

If price was to drop under the nearest level of support we can see losses of at least 25% initially, with potential for twice that.

What Do You Think?

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Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️

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theCrypster
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Comment

Some nice drops to reach our TP1 target offering 25% profits.

Since then we've seen a large green bar to return to a strong SR level - can we see TP2 being hit sometime soon?
Comments
RLinda
Good look at the market, I think the price will reach the target soon) Thank you)
theCrypster
@RLinda, Thank you!
P_S_trade
Agree with you
theCrypster
@P_S_trade, Nice one! 👍👍
SwallowPremium
It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now.
theCrypster
@SwallowPremium, Confirmation by breaking that upper most support level? Or by getting rejected by the descending trend line? Or other? 👍✌️
DeGRAM
Thank you. Great job
theCrypster
@DeGRAM, Cheers buddy ✌️
ProjectSyndicate
overall impressive summary and technicals
theCrypster
@ProjectSyndicate, Thank you 👍
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