FieryTrading

🔥 GRT Bounce From Strong Support

Long
BINANCE:GRTUSDT   GRT / TetherUS
GRT has bounced yet again from the support channel drawn on the chart. Zoom out for a better overview.
Seeing Bitcoin's bullish behaviour at this moment, I'm confident that the alts will see some strong gains in the coming days. One of them will be GRT.

GRT has been consolidating for almost a month now, enough time to get ready for the next push.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!

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