$GTC gave back 10.2% in the 8 hours since my last post. Then: 0.2156. Now: 0.1937.
I wrote that a second leg is where I get more careful, not less. That caution held up: the coin is now 22.2% under its 7-day high of 0.249. The level I named, 0.1685, has not been touched. GTC is still about 15% above it.
What has not cooled is the trading. About 39.3M USDT changed hands in 24 hours, 4.85x the 7-day average, and more than the 31.8M I noted this morning. So the pullback is happening with heavy activity, not in a quiet market. Both buyers and sellers are still very much in this coin.
Hourly RSI is 51.5, right in the middle after a big swing. BTC is flat at +0.09%, so this is all GTC.
Updated view: the run is pausing, not broken. On the week GTC is still up 130.3%, so there is a lot of profit sitting in it that can come out fast.
The level that matters is still 0.1685. Above it, the second leg has a floor. Below it, I would call this run finished.
#GTC #FollowUp
I wrote that a second leg is where I get more careful, not less. That caution held up: the coin is now 22.2% under its 7-day high of 0.249. The level I named, 0.1685, has not been touched. GTC is still about 15% above it.
What has not cooled is the trading. About 39.3M USDT changed hands in 24 hours, 4.85x the 7-day average, and more than the 31.8M I noted this morning. So the pullback is happening with heavy activity, not in a quiet market. Both buyers and sellers are still very much in this coin.
Hourly RSI is 51.5, right in the middle after a big swing. BTC is flat at +0.09%, so this is all GTC.
Updated view: the run is pausing, not broken. On the week GTC is still up 130.3%, so there is a lot of profit sitting in it that can come out fast.
The level that matters is still 0.1685. Above it, the second leg has a floor. Below it, I would call this run finished.
#GTC #FollowUp
