Trade Setup: GFT/USDT (1D)
Trade Setup: GFT/USDT (1D)
Chart Overview: GFT is currently respecting a long-term ascending trendline (green line) after a period of consolidation. The price recently bounced from this trendline, indicating potential bullish momentum.
Entry: Consider entering around the current price level ($0.0196), especially if the price continues to hold above the trendline.
Targets:
Target 1: $0.0260 (First major resistance)
Target 2: $0.0320 (Prior high area)
Target 3: $0.0460 (Potential breakout level)
Stop Loss: Place a stop loss slightly below the trendline at $0.0170 to protect against a downside break.
Risk/Reward: Favorable with a potential 2:1 or 3:1 ratio, depending on entry and target levels.
DYOR NFA
Chart Overview: GFT is currently respecting a long-term ascending trendline (green line) after a period of consolidation. The price recently bounced from this trendline, indicating potential bullish momentum.
Entry: Consider entering around the current price level ($0.0196), especially if the price continues to hold above the trendline.
Targets:
Target 1: $0.0260 (First major resistance)
Target 2: $0.0320 (Prior high area)
Target 3: $0.0460 (Potential breakout level)
Stop Loss: Place a stop loss slightly below the trendline at $0.0170 to protect against a downside break.
Risk/Reward: Favorable with a potential 2:1 or 3:1 ratio, depending on entry and target levels.
DYOR NFA
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