GRASS. Support Tested, Resistance in Sight. 12/24/24

GRASSUSDT

The asset price has returned to the price range where support from buyers was previously observed. Support is a level where buyers are willing to purchase the asset, halting its decline.

In this case, the range is $2.3437–$1.9320, making it a safe zone to accumulate spot positions, at least targeting the nearest resistance level at $3.4860. Opening a swing position can also be considered.

I expect a reversal pattern to form at this support level, signaling a potential trend shift from bearish to bullish (the structure currently forming is highlighted on the chart).

Projected movement is outlined on the chart.

DYOR.