$GRASS Broke Key Support: Expecting 30–50% More Downside Before The Next Major Rally
My Previous Analysis Is Playing Out:
#GRASS Has Now Broken The Key $0.35 Support Trendline, Confirming Short-Term Weakness. The Structure Has Turned Bearish, And I’m Expecting Another 30–50% Downside Move Before The Next Major Uptrend Begins.
For Long-Term Investors, This Could Be An Opportunity To Accumulate At A Discount If Price Reaches The Planned HTF Accumulation Zone.
Technical Structure
✅ $0.35 Support Trendline Broken (Bearish Confirmation)
✅ Long-Term Descending Channel Still Intact
✅ Macro Downtrend Remains Valid
✅ HTF Accumulation Zone: $0.23–$0.16
✅ Major S/R Flip: $0.6225 (Bullish Above / Bearish Below)
✅ Resistance Targets After Reversal: $1 → $2 → $4 → $10+
✅ Risk Invalidation: HTF Close Below $0.16
➡️ Short-Term Structure: Bearish
➡️ Expecting 30–50% More Downside Before Bottom Formation
➡️ Watching For Price To Reach HTF Demand Zone
Scenario 1 → Bullish Reversal:
If GRASS Holds The $0.23–$0.16 HTF Demand Zone And Reclaims The Descending Channel, A Macro Trend Reversal Could Begin.
Targets: $1 → $2 → $4
Extended Bull Cycle Target: $10+
Scenario 2 → Bearish Continuation:
If Price Fails To Hold The $0.23–$0.16 Accumulation Zone With A Confirmed HTF Close Below $0.16, The Bearish Trend Remains Valid And Lower Levels Become More Likely.
Structure Shift Requirements
1️⃣ Hold $0.23–$0.16 HTF Demand Zone
2️⃣ Break Descending Channel Resistance
3️⃣ Flip Resistance Into Support
The $0.23–$0.16 Region Remains My High-Conviction Accumulation Zone. A Further Decline Would Simply Offer A Better Long-Term Entry Before The Next Major Bullish Expansion.
TA Only. Not Financial Advice. ALWAYS DYOR.
@grass
