GRT has lost its prior structural support at $0.020, retracing into a lower range where daily support has formed at $0.006. This region now serves as the key demand zone for potential structural recovery.
Key Technical Points:
- Previous Support Lost: $0.020
- Current Support: $0.006
- Bias: Reversal potential forming
After the breakdown, buyers have begun absorbing liquidity at the base, indicating accumulation at lower levels. A bullish retest around $0.006 could confirm the formation of a double-bottom structure, which often precedes a short-term trend reversal.
Holding this base may allow price to reclaim higher levels, targeting the $0.010–$0.012 range. Conversely, failure to defend support could lead to extended downside.
Overall, GRT remains in early accumulation, with $0.006 serving as the make-or-break level for bullish continuation.
Key Technical Points:
- Previous Support Lost: $0.020
- Current Support: $0.006
- Bias: Reversal potential forming
After the breakdown, buyers have begun absorbing liquidity at the base, indicating accumulation at lower levels. A bullish retest around $0.006 could confirm the formation of a double-bottom structure, which often precedes a short-term trend reversal.
Holding this base may allow price to reclaim higher levels, targeting the $0.010–$0.012 range. Conversely, failure to defend support could lead to extended downside.
Overall, GRT remains in early accumulation, with $0.006 serving as the make-or-break level for bullish continuation.
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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.
