Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, GRT activated the wedge pattern and traded higher.
Last month, GRT rejected the 0.2 round number and traded lower. Now it is approaching a strong demand zone.
Moreover, the zone 0.09 - 0.1 is a strong support and round number.
πΉ So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue 0.1 round number and demand zone.
As per my trading style: As GRT approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich