GRTUSDT Range Low| Equal Lows, Price Action| Trend
Evening Traders,
Today’s analysis – GRTUSDT – trading below an important resistance, a rejection is likely at the current moment in time,
Points to consider,
- HTF Range Low Resistance
- Equal lows still present
- Lower Resting Liquidity
- Volume Influxes
GRTUSDT’s immediate price action is trading at a key resistance zone where a rejection will confirm a bearish retest.
The lower resting liquidity remains intact; this gives price action merit to trade lower.
Current volume influxes are present however not significant, hinting towards weakness.
Price action is likely to trade lower imo, invalidation is a close back into the range, this will be a clear bias switch.
Hope this analysis helps,
Thank you for following my work
And remember,
“Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.”
― Yvan Byeajee
Today’s analysis – GRTUSDT – trading below an important resistance, a rejection is likely at the current moment in time,
Points to consider,
- HTF Range Low Resistance
- Equal lows still present
- Lower Resting Liquidity
- Volume Influxes
GRTUSDT’s immediate price action is trading at a key resistance zone where a rejection will confirm a bearish retest.
The lower resting liquidity remains intact; this gives price action merit to trade lower.
Current volume influxes are present however not significant, hinting towards weakness.
Price action is likely to trade lower imo, invalidation is a close back into the range, this will be a clear bias switch.
Hope this analysis helps,
Thank you for following my work
And remember,
“Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.”
― Yvan Byeajee