Grt getting ready for a short
I’m looking at $GRT now We have just tapped the huge support which we haven’t seen (aside from a single wick on 17 August) since January 2023
Easy trade for me. Stop loss at 0.0811 which is just 0.5% away from current price.
Lux algo showing me some solid take profit areas from previous short.
Long in play. You can move stop slightly further down for a trade which may not stop out as easy but this is a big RR for me so worth the long, even if slightly higher risk due to potentially more downside.
If the support does break when it comes back to retest I’ll place a short and ride it to 0.074 and then 0.054 if it goes that low.
Edit: scam wick on bybit stopped me out. Watching price action to re enter or go short. Depends on price action - hopefully that was just a wick and this coin has a reversal lined up.
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