GRAM reports 1.589; down 5.70% over the past 24 hours; still up 12.06% over 7 days. Intraday range: 1.531–1.740, with a swing of 13.7%.
【Market View】
If you’re looking to short the bottom, pay attention to this pullback.
GRAM completed this round of rotation within 1.531–1.740; the 5.70% figure is just the outcome.
GRAM is down 5.70% over 24 hours. When it rebounded to around 1.740, it was pushed back again. There’s a high density of trapped supply above.
There are still no signs that short-term weakness has turned around; selling pressure continues to release.
Meanwhile, the broader market is up +1.85%, but GRAM is down 5.70%, performing worse than the market’s average level.
For the near term, the bias is bearish.
【Bearish Rationale】
If it loses 1.531, then there’s still something to watch in the short term; if 1.740 is reclaimed from the opposite direction, then you’ll need to reassess.
The weekly +12.06% red candle couldn’t be held. The single-day pullback of 5.70% indicates that profit-taking has begun.
The rebound is on shrinking volume, while the decline is on rising volume. In this kind of structure, every time it rebounds, it gets capped and pushed back.
Choose what you want to do—no rush. Just watch.
If around 1.531 there suddenly appears heavy volume, it means capital is starting to absorb; at that point, don’t get stuck fighting for it.
For now, just watch whether 1.531 can be held. If it breaks down, take one more look.
$GRAM #GRAM
【Market View】
If you’re looking to short the bottom, pay attention to this pullback.
GRAM completed this round of rotation within 1.531–1.740; the 5.70% figure is just the outcome.
GRAM is down 5.70% over 24 hours. When it rebounded to around 1.740, it was pushed back again. There’s a high density of trapped supply above.
There are still no signs that short-term weakness has turned around; selling pressure continues to release.
Meanwhile, the broader market is up +1.85%, but GRAM is down 5.70%, performing worse than the market’s average level.
For the near term, the bias is bearish.
【Bearish Rationale】
If it loses 1.531, then there’s still something to watch in the short term; if 1.740 is reclaimed from the opposite direction, then you’ll need to reassess.
The weekly +12.06% red candle couldn’t be held. The single-day pullback of 5.70% indicates that profit-taking has begun.
The rebound is on shrinking volume, while the decline is on rising volume. In this kind of structure, every time it rebounds, it gets capped and pushed back.
Choose what you want to do—no rush. Just watch.
If around 1.531 there suddenly appears heavy volume, it means capital is starting to absorb; at that point, don’t get stuck fighting for it.
For now, just watch whether 1.531 can be held. If it breaks down, take one more look.
$GRAM #GRAM
