Even though The Graph (GRTUSDT) has grown massively it can do more...
Let me make my usual disclaimer... I/We do not recommend buying here nor trading already moving pairs. We have a trade idea for GRT way before it started to grow and we like to catch the bottom/low/support and get the full move to the upside. This way we get low risk with high potential for reward.
With that said, even though this one already has strong growth it can do more.
A correction can happen anytime. Shakeouts can happen anytime... If you jump-in now it becomes very complex on how to trade.
If it drops... Will it recover? Or will it continue lower?
If it continues higher... How far up will it go? Should I sell? How much?
Anxiety, stress....
See my chart for GRTBTC for example, before it grows. 5-Feb |
This is just one example but you get the idea.
Back to GRTUSDT. Based on the hundreds of charts that I read on a weekly basis, this one has more to give.
We have the highest volume ever by far. The strongest RSI ever by far... So even if you see a retrace it should be temporary before additional growth.