$GRT Breakout Failure—The Bears Are Moving In!
The attempt to reclaim the $0.03 level has officially failed. The Graph (
$GRT ) tapped $0.0296 and was met with a wall of selling pressure, resulting in a sharp rejection wick on the 1H timeframe. With momentum fading and a "Lower High" structure forming, the path of least resistance is now back toward the demand zone.
🔍 Why the Short Side is Winning:
Momentum Exhaustion: The RSI on the 15M and 1H charts has rolled over, failing to stay in bullish territory. This indicates that the buyers who pushed from $0.026 are now stepping aside.
Supply Ceiling: Sellers are aggressively defending the $0.0290 – $0.0298 zone. As long as we stay below the recent peak, the structural breakdown is the high-probability play.
Liquidity Gap: Below $0.0275, there is a significant "air pocket" in the order book. A break here could trigger a fast move toward the $0.0255 level where deeper liquidity rests.
📉 The Trade Plan (Short Setup):
Entry Zone: $0.0282 – $0.0288 (Sell the weak bounces)
Stop Loss (SL): $0.0298 🛡️ (Safety above the rejection high)
🎯 Take-Profit Targets:
TP1: $0.0275 (Immediate Support)
TP2: $0.0268 (Mid-Range Floor)
TP3: $0.0255 (Final Liquidity Target)
💡 Pro Trader Tip:
$GRT is currently showing a high correlation with BTC's local weakness. If Bitcoin loses its current support, expect GRT to lead the way down. Once TP1 is hit, move your Stop Loss to entry to protect your capital.
#GRT #TrumpNewTariffs #BTC100kNext? #USJobsData