Trading Plan Short $GRVT
$GRVT got rejected hard after another push into $0.3101 resistance.
Entry: $0.3005-$0.3095
Stoploss: $0.3185
Targets: $0.2915 / $0.2700 / $0.2400
GRVT has been ranging for days, and that $0.3101 level is just holding strong. We saw another slap down from there. Sellers are aggressive, taker buy/sell ratio is 0.73, and OI is up 3.51% with retail still shorting, so they're probably adding into this resistance. Funding is positive, trapping longs. Lose $0.3185, short plan dead.
Trade $GRVT here 👇
$GRVT got rejected hard after another push into $0.3101 resistance.
Entry: $0.3005-$0.3095
Stoploss: $0.3185
Targets: $0.2915 / $0.2700 / $0.2400
GRVT has been ranging for days, and that $0.3101 level is just holding strong. We saw another slap down from there. Sellers are aggressive, taker buy/sell ratio is 0.73, and OI is up 3.51% with retail still shorting, so they're probably adding into this resistance. Funding is positive, trapping longs. Lose $0.3185, short plan dead.
Trade $GRVT here 👇