On the chart for
#GRAM , the price continues to move within a broader descending channel, but an interesting setup is developing near a major historical support zone.
GRAM is currently trading around $1.14, testing the range between $1.10 $ and $1.20. This zone has acted as a significant support level in the past.
I wouldn't rule out another downward move before a solid recovery. The $0.70 $ to $0.80 $ region is the main demand zone I'm watching; it's a point where buyers could step in.
If GRAM manages to hold in that zone and begins forming higher lows, we could see a recovery toward the $1.60 $ to $2.20 range.
A confirmed breakout above the descending channel could open the door to reaching levels between $3.00 $ and $4.00 $ over the long term.
However, losing the $0.70 $ level would weaken this bullish recovery scenario and increase the risk of further declines.
Key levels:
Current price: $1.14
Immediate support: $1.10 $ –$1.20
Main demand zone: $0.70 $ –$0.80
Recovery targets: $1.60 $ –$2.20
Bullish targets: $3.00 $ –$4.00
Invalidation: Below $0.70
For now, I'm not going to rush into this setup. The descending channel remains intact, and I prefer to see a clear reaction from support before expecting a significant trend reversal.
Sometimes the best opportunities emerge after one final liquidity sweep; therefore, we need confirmation rather than assuming we've already hit the bottom.
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