$GRASS - Defining Key Risk Levels in a Bearish Trend
Current Price & Context: ~$0.296, trading in a clear bearish trend below all major moving averages amid "Extreme Fear" market sentiment (Index: 23).
Critical Risk Level (Invalidation): $0.2785. A sustained break below this support (S3) invalidates the current structure and opens a path to test lower lows. This is the line in the sand.
Key Resistance & Bullish Shift: The immediate hurdle is $0.2991 (R1). A decisive move above this level is needed for any near-term bullish momentum, with a more significant target at $0.4247.
Technical Backdrop: The 14-day RSI is neutral at 43.92. However, moving averages overwhelmingly signal "Strong Sell," indicating persistent selling pressure.
The Takeaway: In a bearish trend, risk definition is paramount. The thesis for stabilization is contingent on holding $0.2785. Until GRASS can reclaim $0.2991, the path of least resistance remains sideways to down.
This is a risk-first technical analysis, not financial advice. Always define your risk.
