After an incredible run and a perfect 100% retracement from breakout GNT is once again at a price where longs can be established. Though Daily RSI does indicate reversal, the current BTC situation must be respected for the more risk averse. I would suggest delaying entry until after the BTC dust settles. Those who are more comfortable with risk exposure could employ a relatively tight stop loss as thus far GNT has demonstrated respect for the previously established uptrend. Near term targets at key fib levels marked.
I have a small position @ 10,900 avg that I will hold long term exiting when we revisit the ATH again, I will look to add during dips.
Good luck to all entering this trade with me!
HODL.
I have a small position @ 10,900 avg that I will hold long term exiting when we revisit the ATH again, I will look to add during dips.
Good luck to all entering this trade with me!
HODL.
Trade active:
Those willing, may consider increasing positions as we return to the trendline...however.....as previously mentioned, we must watch BTC. In the event of a significant correction we could see as low as 8k satoshi, and we want to have maximum liquidity should it.