Technical analysis by GTradeTN about Symbol GROK: Buy recommendation (12/2/2023)

Analysis Overview: Strong bullish trend observed on higher time frames. A correction on the 1-hour chart has formed a descending channel. Short-term correction seen on the 15-Min chart, presenting a symmetrical triangle. Confirmation: Symmetrical triangle confirmed with a breakout above its resistance. Trade Setup: Entry Price: Market price or breakout confirmation. Target Price: 0.193 USDT. Stop Loss: Positioned to mitigate risk, with consideration of H15 candle closure under the triangle's former resistance, now acting as support. Rationale: The grand time frames show a prevailing upward trend. A correction in the form of a descending channel on the 4-hour chart. Short-term consolidation within a symmetrical triangle on the 1-hour chart. Execution: Consider entering the trade upon a confirmed breakout of the symmetrical triangle. Set a profit target at 0.193 USDT. Implement a stop loss to manage risk, triggered by a 15-Min candle closing below the previous triangle resistance, now acting as support.