Technical analysis by CRYPTOMOJO_TA about Symbol GFT: Buy recommendation (8/22/2024)

Trade Setup: GFT/USDT (1D)Chart Overview: GFT is currently respecting a long-term ascending trendline (green line) after a period of consolidation. The price recently bounced from this trendline, indicating potential bullish momentum.Entry: Consider entering around the current price level ($0.0196), especially if the price continues to hold above the trendline.Targets:Target 1: $0.0260 (First major resistance)Target 2: $0.0320 (Prior high area)Target 3: $0.0460 (Potential breakout level)Stop Loss: Place a stop loss slightly below the trendline at $0.0170 to protect against a downside break.Risk/Reward: Favorable with a potential 2:1 or 3:1 ratio, depending on entry and target levels.DYOR NFA