$GTC is trading around $0.1785 after a sharp move from the $0.17076 low and a test of the $0.18400 high. This zone is important because price is now consolidating just below the recent peak after a strong intraday advance.
On the 1-minute chart, buyers have managed to stabilize price around $0.1780–$0.1785 after the pullback. My focus is on whether this area can continue acting as short-term support. A reclaim of $0.1810–$0.1815 would strengthen the momentum structure and put the recent high back in focus.
If buyers regain control, the upside targets could come into play. A sustained move below $0.1760, however, would weaken the current setup and suggest that the pullback is extending.
Trade Setup:
Entry Zone: $0.1775–$0.1790
Take Profit 1: $0.1815
Take Profit 2: $0.1840
Stop Loss: $0.1755
The key will be confirmation rather than chasing the move. After such a strong run, patience and disciplined risk management are important, especially around volatile levels.
On the 1-minute chart, buyers have managed to stabilize price around $0.1780–$0.1785 after the pullback. My focus is on whether this area can continue acting as short-term support. A reclaim of $0.1810–$0.1815 would strengthen the momentum structure and put the recent high back in focus.
If buyers regain control, the upside targets could come into play. A sustained move below $0.1760, however, would weaken the current setup and suggest that the pullback is extending.
Trade Setup:
Entry Zone: $0.1775–$0.1790
Take Profit 1: $0.1815
Take Profit 2: $0.1840
Stop Loss: $0.1755
The key will be confirmation rather than chasing the move. After such a strong run, patience and disciplined risk management are important, especially around volatile levels.
