GOAT latest technical overview

The current price is around 0.04307, down 0.71% from the start of this trend. From the chart, the bearish pattern is still ongoing, but the downward momentum is clearly weakening — it has already run through 28 candlesticks, indicating that the momentum is indeed softening.

The tracking line is set at 0.04302, which is a key reference point and can be used to set stop-loss levels.

Technical position analysis:
Support levels are distributed at 0.04057, 0.03933, and 0.03867.
Resistance at the head is at 0.04646.

Trading strategies can be divided into two approaches:

**Aggressive**: Since the bearish trend has not yet broken, and the price is closely following the tracking line, consider small short positions targeting below 0.041. The key is to keep positions light and control risk.

**Conservative**: This level is somewhat uncertain; it’s better to wait and see. Wait until the price either clearly breaks below the tracking line and continues downward, or stabilizes and rebounds at this line, forming a clearer signal before taking action.

Risks to watch out for:
Currently, this price may just be a rebound test. If the price later breaks above 0.04302 with increased volume, the bearish trend could pause temporarily or even reverse. In such cases, decisive stop-loss is necessary.