Despite this, an upward movement for GOAT is still possible. With this move, it’s likely that GOAT will rise toward the 0.85 level. However, there is a high chance it may face resistance at this level and experience another drop. In that case, a movement toward the FVG zone left below (at the 0.56 level) might occur.

The key point to watch is the 0.70 level. If this level breaks downward, it’s likely that the lower liquidity will be targeted first. Therefore, staying above the 0.70 level is critical. If this happens, a move toward the 0.85 level can be expected.

The best scenario for entering a trade would be attempting a short position with a tight stop if the price reaches the 0.85 level. However, entering a trade from this point is quite risky, as the market is currently very quiet. If movements begin, sharp reactions may follow.

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The post GOAT Coin: What’s the Next Move? appeared first on Coin Engineer.