GRAM is now at 1.416, down 2.14% in the past 24 hours, still down 8.29% over 7 days, with an intraday range of 1.407–1.471 and an amplitude of 4.5%.
[Market view]
A lot of friends are asking whether GRAM is worth watching right now, so let’s briefly talk about it.
First, the basics: the intraday range of 1.407–1.471 is public information, not something anyone drew up.
GRAM is down 2.14% in 24 hours, and when it rebounded to around 1.471, it got pushed back down, with heavy overhead selling pressure.
The support at 1.407 has not yet been tested with real buying power, so confidence is not enough.
Compare that with BTC’s +0.64%, and GRAM’s trend is clearly weaker.
The short-term bias is bearish.
[Bearish reasons]
What matters most is the 1.407 line; with 1.407 there is a range, and with a range there is rhythm.
The 2.14% drop over 24 hours is right there, so in the short term the bears are in control.
With price moving close to 1.407, the battle between bulls and bears at this level clearly leans toward the bears.
Take it slowly, don’t rush.
Under a bearish structure, rebounds can be choppy, so don’t size your position too heavily.
If 1.407 is broken, price will continue looking lower for support; if it rebounds to around 1.471, the pressure will be significant.
$GRAM #GRAM
[Market view]
A lot of friends are asking whether GRAM is worth watching right now, so let’s briefly talk about it.
First, the basics: the intraday range of 1.407–1.471 is public information, not something anyone drew up.
GRAM is down 2.14% in 24 hours, and when it rebounded to around 1.471, it got pushed back down, with heavy overhead selling pressure.
The support at 1.407 has not yet been tested with real buying power, so confidence is not enough.
Compare that with BTC’s +0.64%, and GRAM’s trend is clearly weaker.
The short-term bias is bearish.
[Bearish reasons]
What matters most is the 1.407 line; with 1.407 there is a range, and with a range there is rhythm.
The 2.14% drop over 24 hours is right there, so in the short term the bears are in control.
With price moving close to 1.407, the battle between bulls and bears at this level clearly leans toward the bears.
Take it slowly, don’t rush.
Under a bearish structure, rebounds can be choppy, so don’t size your position too heavily.
If 1.407 is broken, price will continue looking lower for support; if it rebounds to around 1.471, the pressure will be significant.
$GRAM #GRAM