GRX Swing Setup Watch $0.595 and $0.875GRX is showing promising signs here, but as a small-cap stock, it demands disciplined risk management and a cautious approach. Price action is currently pulling back into a strong macro zone, aligning with the major 50% retracement level and previous structural highs—an area worth watching closely.
Trade Scenarios
Scenario 1 Optimal Entry:
Ideally, price pulls back to the demand structure around $0.595.
Look for a bullish candle confirmation at this level.
This setup offers the most favorable risk-to-reward ratio.
Scenario 2 – Trend Continuation:
If price holds the swing low at $0.68 and breaks above the local swing high at $0.875, it confirms an uptrend.
Same TP targets apply.
Targets:
Initial target: ATH resistance near $1.305
Potential for further upside by trailing stop-loss along swing highs.
If price starts to break and close below $0.56 expect lower prices and the potential of this being a fakeout
Reminder: This is a speculative setup on a small-cap stock. Always size positions appropriately and manage risk with precision.
Please note, arrows are not based on time analysis just overall market structure.
