To be honest, gRT's drop to 0.01842 was pretty brutal, but looking at it from a different angle, this dip actually presents a solid buying opportunity. On the technical side, the RSI is already oversold, indicating that the short-term selling pressure is nearly exhausted. With a trading volume of 17.68M, it's not too shabby and has the feel of a volume-driven bottoming out. Honestly, a score of 41/100 isn't great, but the signals are positive, and the key is that the stop-loss level is clear: below 0.01761, just cut losses and walk away, keeping risks manageable.
However, in this kind of oversold rebound market, don’t expect a massive rally all at once. The first target around 0.01906 should be reachable in approximately 2 to 8 hours, then we'll see if the volume can hold up. If the rebound happens on diminishing volume, then TP2 and TP3 might be a stretch.
My strategy is to take a portion of the position for a short-term play, and once we hit TP1, take some profits by selling half, letting the remaining profits run, but be sure to set a solid stop-loss and don’t get greedy. Strategy:
Entry price: 0.01833-0.01845
Stop-loss: 0.01761
TP1: 0.01906,
TP2: 0.01998,
TP3: 0.02118,
#GRT #超卖反弹 #Binance