Can GBYTE regain some lost ground against Bitcoin?
Chart looks prime for a bounce, and R:R of 5:1 certainly favors a long position here. If proposed range is contested and it stays over the 100 days MA, it will likely mark the beginning of a an uptrend which will continue for a couple of months.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.