$GRAM: WAIT - needs a bounce higher before any short.
What happened: GRAM fell from 1.29 to 1.12, now flat near 1.15 under the middle of that drop.
Entry: 1.20 if price bounces to 1.19-1.21 then fades.
Stop loss: 1.23, about 2.5 pct above entry.
Target 1: 1.14, gives about 1.7 times the risk.
Target 2: 1.12, gives about 2.3 times the risk.
Avoid longs, buying this low with weak Bitcoin is risky.
What cancels the idea: a candle close above 1.23 on the hourly chart kills it. No bounce, no trade.
Bitcoin fell to 67.4k and is bouncing weakly near 69k. #write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: GRAM fell from 1.29 to 1.12, now flat near 1.15 under the middle of that drop.
Entry: 1.20 if price bounces to 1.19-1.21 then fades.
Stop loss: 1.23, about 2.5 pct above entry.
Target 1: 1.14, gives about 1.7 times the risk.
Target 2: 1.12, gives about 2.3 times the risk.
Avoid longs, buying this low with weak Bitcoin is risky.
What cancels the idea: a candle close above 1.23 on the hourly chart kills it. No bounce, no trade.
Bitcoin fell to 67.4k and is bouncing weakly near 69k. #write2earn #trade #tradesetup
Reply with your coin you want analysis on.
