I almost fell into the trap of chasing $GTC 's recent uptick, but a closer look at the charts revealed a different story.
$GTC - SHORT🔴
Entry: 0.06574
SL: 0.06709
TP1: 0.06507
TP2: 0.06439
TP3: 0.06372
Considering the EMA20 and EMA50 positioning, I'm seeing a bearish alignment that gives me 80% confidence in a short-term downtrend. The RSI suggests we're not yet in oversold territory, which could fuel further decline.
Can we really trust the bulls to hold $GTC 's current levels, or are we on the cusp of a sharp correction?
Click here to Trade 👇
$GTC - SHORT🔴
Entry: 0.06574
SL: 0.06709
TP1: 0.06507
TP2: 0.06439
TP3: 0.06372
Considering the EMA20 and EMA50 positioning, I'm seeing a bearish alignment that gives me 80% confidence in a short-term downtrend. The RSI suggests we're not yet in oversold territory, which could fuel further decline.
Can we really trust the bulls to hold $GTC 's current levels, or are we on the cusp of a sharp correction?
Click here to Trade 👇