๐จ $G โ WILL IT CONTINUE TO RISE? ๐๐
Gravity is an old crypto project that rebranded and launched a new network in recent years, but the results havenโt been very convincing so far. ๐ค
It also appears to have lost some of its previous relevance and usage within the ecosystem where projects used to promote themselves.
From a technical perspective, the indicators are showing signs of weakness ๐. With the market cap still relatively high, I personally think $G could be overvalued compared with its current fundamentals.
If the bearish setup continues, I think a move toward the $10โ15M market-cap range is possible. ๐ฏ
Thatโs why, from a risk-management perspective, I think a small short position could be worth considering โ but only with strict risk control. โ ๏ธ
What do you think? Bullish or bearish on $G
? ๐๐ฅ
Gravity is an old crypto project that rebranded and launched a new network in recent years, but the results havenโt been very convincing so far. ๐ค
It also appears to have lost some of its previous relevance and usage within the ecosystem where projects used to promote themselves.
From a technical perspective, the indicators are showing signs of weakness ๐. With the market cap still relatively high, I personally think $G could be overvalued compared with its current fundamentals.
If the bearish setup continues, I think a move toward the $10โ15M market-cap range is possible. ๐ฏ
Thatโs why, from a risk-management perspective, I think a small short position could be worth considering โ but only with strict risk control. โ ๏ธ
What do you think? Bullish or bearish on $G
? ๐๐ฅ
