GRTUSDT Buying opportunity with Key zone to watch
2025-01-05
Category: None

The Graph coin (GRT) reached an all-time high (ATH) of $2.8807 before entering a significant correction phase that brought the price down to approximately $0.0517. Since hitting this bottom, GRT has been attempting to recover. 

The price action has formed an ascending broadening wedge, indicating increasing volatility and potential reversal patterns. Additionally, a strong cup and handle formation suggests bullish sentiment and the possibility of upward movement. 

Our immediate plan is to focus on the identified buy back zone for potential entry points, as this area provides a favorable risk-reward ratio for buyers. We recommend setting an initial profit booking point based on the immediate setup to secure gains as the price approaches resistance levels, while also monitoring the price action for the final setup target as shown in the chart. 

 What are your thoughts on this analysis? Do you agree with this perspective?