$GTC is up 70.7% in 24 hours. The next gainer on the board, FET, is up 13.8%. That gap is the whole story today.
GTC trades at 0.2156 on about 31.8M USDT of volume. Three days ago I wrote about GTC jumping 57.2% to 0.1685. It is now about 28% above that level, so this is a second leg, not a first spike.
Second legs are where I get more careful, not less. A coin that runs twice in a few days pulls in late buyers, and late buyers sell fast when it stalls.
For contrast, look at $ADA: +11.8% on about 90.5M USDT, almost three times GTC's volume. A smaller move with much more money behind it.
The rest of the market is calm. BTC is up 0.9% at 86,055. The worst coin on the movers list, QNT, is down only 2.1%. Fear & Greed is 70 (Greed), up from 65.
What I am watching: whether GTC holds above 0.1685, the level from my earlier post. Above it, the run has a floor. Back below it, today's 70% becomes a round trip.
#GTC #SecondLeg
GTC trades at 0.2156 on about 31.8M USDT of volume. Three days ago I wrote about GTC jumping 57.2% to 0.1685. It is now about 28% above that level, so this is a second leg, not a first spike.
Second legs are where I get more careful, not less. A coin that runs twice in a few days pulls in late buyers, and late buyers sell fast when it stalls.
For contrast, look at $ADA: +11.8% on about 90.5M USDT, almost three times GTC's volume. A smaller move with much more money behind it.
The rest of the market is calm. BTC is up 0.9% at 86,055. The worst coin on the movers list, QNT, is down only 2.1%. Fear & Greed is 70 (Greed), up from 65.
What I am watching: whether GTC holds above 0.1685, the level from my earlier post. Above it, the run has a floor. Back below it, today's 70% becomes a round trip.
#GTC #SecondLeg
