📉 $GTC SHORT SETUP 📉
GTC is breaking down after its pump, printing lower highs and trading below the 7- and 25-period MAs. I'm watching for a short on a bounce into resistance, not chasing the current candle. 🔻
Entry: $0.1200 – $0.1250
TP1: $0.1100
TP2: $0.1000
TP3: $0.0900
SL: $0.1340
🔻 Why GTC is on watch:
The second peak was lower than the $0.1838 high, so the trend has turned down. Price is below the 7 MA ($0.1213) and 25 MA ($0.1297), which now act as resistance. Losing the 99 MA ($0.1139) would open the way toward $0.10 and the $0.0832 base. The 24h drop is about 22%, and momentum is bearish
Not financial advice.$GTC
GTC is breaking down after its pump, printing lower highs and trading below the 7- and 25-period MAs. I'm watching for a short on a bounce into resistance, not chasing the current candle. 🔻
Entry: $0.1200 – $0.1250
TP1: $0.1100
TP2: $0.1000
TP3: $0.0900
SL: $0.1340
🔻 Why GTC is on watch:
The second peak was lower than the $0.1838 high, so the trend has turned down. Price is below the 7 MA ($0.1213) and 25 MA ($0.1297), which now act as resistance. Losing the 99 MA ($0.1139) would open the way toward $0.10 and the $0.0832 base. The 24h drop is about 22%, and momentum is bearish
Not financial advice.$GTC
