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GRT has already run through 147 candlesticks and is now facing a critical turning point.
Let's first discuss the main risk points: the dynamic trend line of this wave of the market is set at 0.04101, and the current price has already broken below it—this is the first time since the rise from 0.03727 that it has failed to hold, indicating that bullish momentum is clearly weakening.
From a technical perspective, a few support levels to remember:
• 0.03843
• 0.03739
• 0.03626
On the resistance side, the key is whether it can break through the previous high. The new resistance levels will become clearer gradually.
Regarding trading advice, long positions should be approached with caution. The price has already broken through this critical line at 0.04101, indicating that upward momentum is waning. The current question is whether it can quickly recover this level—if yes, there’s still a chance; if not, the risk is increasing.
What is the worst-case scenario? If the price continues to decline and further breaks below 0.0407, this upward trend could come to an end, and the market might enter a deep correction. Therefore, close attention should be paid to the performance within this range.