GRT primed for breakout

The Graph (GRT) Token Market Status

GRTUSDT is in a downtrend that has been weakening over the past few days. It has found strong support in the price range of $0.0850 - $0.0860. Each time this support holds, it leads to an upward movement toward the downtrend line, where we've seen several fake breakouts.

It's highly probable that the downtrend line will break to the upside, but there are two possible scenarios:

Scenario 1:
A fake breakout to the upside followed by a return to the support line, then a fake breakout of the support line itself, and finally an upward move. In this scenario, the green box would be our buy zone.

Scenario 2:
The downtrend line breaks to the upside with strong momentum today or tomorrow, and then retests the green box, which would again be our buy zone.

In both scenarios, the green box is my designated buy zone, and all major pivots could be potential price targets.

⛔ This is not financial advice; do your own research.