$GTC: Resistance Test Fails: Bearish Momentum Building Fast
SHORT SETUP GTC
Entry: $0.16580 - $0.16610
Stop Loss: $0.17200
Take Profit: $0.15385 (2R)
Key Levels: Support $0.16500 | Resistance $0.16616
Technical Analysis for $GTC: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. MACD is negative with a bearish histogram, RSI at 36.6 and Stochastic K/D in the low 30s signal weakening momentum. The pair is near its shortterm resistance at 0.166, favoring a short bias. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is modestly bullish (+0.5%) with a mixed 4hour trend and bullish daily trend. Market breadth is mixed, 55% of assets are
SHORT $GTC
SHORT SETUP GTC
Entry: $0.16580 - $0.16610
Stop Loss: $0.17200
Take Profit: $0.15385 (2R)
Key Levels: Support $0.16500 | Resistance $0.16616
Technical Analysis for $GTC: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. MACD is negative with a bearish histogram, RSI at 36.6 and Stochastic K/D in the low 30s signal weakening momentum. The pair is near its shortterm resistance at 0.166, favoring a short bias. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is modestly bullish (+0.5%) with a mixed 4hour trend and bullish daily trend. Market breadth is mixed, 55% of assets are
SHORT $GTC