đ $GTC Trading Setup
GTC is showing a sharp momentum move, trading around $0.1707 after a major breakout from the $0.09â$0.10 area. Volume has expanded heavily, while the latest technical readings remain bullish, although RSI is getting close to overbought territory.
Trade Idea
â Direction: Long â on pullback confirmation
Entry: $0.153â$0.160
Stop Loss: $0.137
Targets
đŻ TP1: $0.184
đŻ TP2: $0.205
Why I'm Watching This Setup
âą $0.184 is the immediate breakout resistance and recent high.
âą A pullback toward $0.153â$0.160 could test the breakout area instead of chasing the spike.
âą Daily EMA structure remains bullish, with price above the major moving averages.
âą RSI around 70 shows strong momentum but also warns that chasing extended candles carries more risk.
I would rather wait for GTC to hold the pullback zone with volume than enter after another vertical candle. If $0.137 breaks decisively, this long setup loses its structure.
What do you think?
Would you take this setup, or wait for confirmation?
$GTC
#GTC #Gitcoin #cryptotrading #BinanceSquare #EthereumFoundationLaunchesZkAPIOnMainnet
GTC is showing a sharp momentum move, trading around $0.1707 after a major breakout from the $0.09â$0.10 area. Volume has expanded heavily, while the latest technical readings remain bullish, although RSI is getting close to overbought territory.
Trade Idea
â Direction: Long â on pullback confirmation
Entry: $0.153â$0.160
Stop Loss: $0.137
Targets
đŻ TP1: $0.184
đŻ TP2: $0.205
Why I'm Watching This Setup
âą $0.184 is the immediate breakout resistance and recent high.
âą A pullback toward $0.153â$0.160 could test the breakout area instead of chasing the spike.
âą Daily EMA structure remains bullish, with price above the major moving averages.
âą RSI around 70 shows strong momentum but also warns that chasing extended candles carries more risk.
I would rather wait for GTC to hold the pullback zone with volume than enter after another vertical candle. If $0.137 breaks decisively, this long setup loses its structure.
What do you think?
Would you take this setup, or wait for confirmation?
$GTC
#GTC #Gitcoin #cryptotrading #BinanceSquare #EthereumFoundationLaunchesZkAPIOnMainnet
