Trading Plan Short $GRVT
$GRVT just tapped the 1H upper Bollinger Band, showing a potential exhaustion wick.
Entry: $0.3106-$0.3196
Stoploss: $0.3300
Targets: $0.3080 / $0.2950 / $0.2800
GRVT is hitting the top of a wide Bollinger Band range, and the 1H RSI is stretched at 64. Funding is getting hot at 0.0346%, longs are paying up, but top traders are leaning short hard at 0.52. Taker sell volume is also strong. This looks like a nice fade setup into 0.3274 resistance. Reclaiming $0.3300 invalidates the short.
Trade $GRVT here 👇
$GRVT just tapped the 1H upper Bollinger Band, showing a potential exhaustion wick.
Entry: $0.3106-$0.3196
Stoploss: $0.3300
Targets: $0.3080 / $0.2950 / $0.2800
GRVT is hitting the top of a wide Bollinger Band range, and the 1H RSI is stretched at 64. Funding is getting hot at 0.0346%, longs are paying up, but top traders are leaning short hard at 0.52. Taker sell volume is also strong. This looks like a nice fade setup into 0.3274 resistance. Reclaiming $0.3300 invalidates the short.
Trade $GRVT here 👇