This is a monthly timeframe chart of GRT/USDT (The Graph vs. Tet

This is a monthly timeframe chart of GRT/USDT (The Graph vs. Tether). Let's analyze the situation:

1. Trend and Structure

Overall, the price is in a long-term downtrend after peaking in 2021.

There is a possible ascending triangle or accumulation zone, where the lower support line is gradually rising.


2. Support and Resistance Levels

Support: ~0.1047 (current zone), ~0.0805 (lower support).

Resistance: ~0.1170, ~0.1632, ~0.1748 (key levels the price needs to break for an uptrend).


3. Volume and Indicators

Volume is low, indicating a lack of strong buyer or seller activity.

Stochastic Oscillator is in the oversold zone, which could signal a potential upward reversal.


4. Possible Scenarios

Bullish Scenario: If the price holds above 0.1047 and breaks 0.1170 with volume confirmation, it could move towards 0.1632–0.1748.

Bearish Scenario: If 0.1047 is broken downward, the price could drop to 0.0805 or lower.


5. Conclusions and Strategy

If you want to enter, it's safer to wait for a confirmed breakout above 0.1170 with volume confirmation.

If 0.1047 support is broken downward, it’s better to look for buy opportunities near 0.0805.

For a long-term uptrend, the price needs to break at least 0.1748.


Depending on your trading style, you can consider entering near 0.1047 with a tight stop-loss or waiting for a confirmed breakout before entering a trade.