GRT has seen a spectacular drop recently, together with most of the crypto market. The drop came to an end when GRT touched the bottom support of the channel. This trade is based on the idea that GRT will follow said channel.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. R2 is positioned at $4, therefore the long-term aspect. Do your own due diligence.
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