Like a lot of coins, GRT has been trading inside a descending channel for around 6 weeks now. The most recent bullish push from BTC launched GRT towards the top of the channel, breaking out slightly.
Before entering the trade, wait for confirmation that GRT has actually left the channel.
@Aliyu3300, Do your own research first. I'd wait for a breakout of the channel.
cowscoper53
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Why don´t anyone take into account that 96% of GRT supply is held by whales and they can play with it and manipulate the price in their favor? Be smart and stay away from assets which majority is held by whales. Normal market psychology and graphs doesn´t work with this kinds, few hours ago we saw a dump from 1.76 to 1.63 in 20 minutes probably carried out by whales that coordinated the dump.
FieryTrading
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@cowscoper53, That dump was caused by a BTC dump. Whole altcoins market dropped like 10%.
Yeah I missed to check what was happening to BTC at that time was busy working so I didn´t follow what was happening clearly. What do you mean to kill long future traders and was that move predictable in some way? My stop loss got flushed out due to that and now I dunno when to enter again for long.
tranhoanglong51198
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@cowscoper53, That dump was to kill long future traders, which affected the whole market not only GRT.