#MarketPullback
is forming a short-term ascending channel on the 24h chart, showing early signs of recovery after a strong downtrend. GRT$GRT is currently making higher highs and higher lows.
The EMA 50 and SMA 100 remain above, with the SMA 100 near $0.107 acting as dynamic resistance. A clear break above both would strengthen the bullish structure and potentially open space towards $0.110 $0.112.
As long as GRT$GRT stays above the middle line of the channel or the zone of $0.096 $0.097, the bulls remain in control. A break below the channel would invalidate this short-term uptrend and likely lead to a retest of the recent lows near $0.092 or even $0.088.
Volume is increasing, but confirmation is key. Without a strong close above $0.100, there is still no breakout. Be patient.
