$GRASS coins have risen in the past two days. In simple terms, there are a few positive factors:
1. The concept of shared economy is gaining popularity
This project involves "making money from sharing idle bandwidth". Recently, the Web3 shared economy sector has been hot, and similar coins like HONEY and AKT are also rising. The official statement claims there are already 2 million real users, and the data seems solid.
2. Technical breakthrough
The price has stabilized at $1.2, breaking through the 7-day and 30-day moving averages. The MACD golden cross is still ongoing, and short-term funds continue to buy in.
3. Active performance in exchanges
On Gate.io, the 24-hour trading volume is 130 million RMB, with good liquidity, making it easy for large funds to enter and exit.
But be cautious:
$1.22 is a previous high resistance level, so don't be too aggressive before breaking through it. If it retraces and doesn't break $1.18, there might still be a chance.
This afternoon, around 0.154, I entered the market with a friend with 300 USDT to take a short-term long position on GRASS. I placed a limit order at 0.184, and at 4:50 PM, it just hit that limit, allowing me to double my investment and exit. The highest rebound price was 0.2034. The most important thing in trading is not to be greedy; greed can leave you with nothing in the end.
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