Chibuike_Odoh

GRT/USDT { GRT } - BULLISH SETUP

Long
BINANCE:GRTUSDT   GRT / TetherUS
ANALYSIS πŸ”Ž
- GRT /USDT hit an all time high and retraced.
- The downtrend was bounded in the descending channel .
- Price action printed a double bottom pattern.
- A double bottom is a bullish reversal pattern.
- Price brokeout above the double bottom's neckline resistance and the descending channel's resistance.
- This is a bullish signal.

BUY ENTRY ⬆️
- Market entry: current market price.
- Limit entry: possible retest.

TARGETS 🎯
- Horizontal resistance level (@2.1980).
- Horizontal resistance level (@2.8807).

SETUP INVALIDATION ❌
- Breakdown below the previous swing low horizontal support level .

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