$GTC Analysis:
$GTC closed the recent candle with heavy upper wicks into the $0.35599 - $0.38353 resistance. Buyer momentum is decelerating on the 1D timeframe, making a corrective sweep toward lower support the favored scenario.
Open Interest is crowding at $9.87M while funding sits at -0.0038%, pointing to buyer fatigue at resistance and high risk of a rapid corrective flush.
🎯 Entry: $0.34812 (Zone: $0.35599 - $0.38353)
🏆 Targets: TP1 $0.16494 | TP2 $0.06658 | TP3 $-0.0711271
🛑 Invalidation: 1D candle close above $0.42067
$GTC closed the recent candle with heavy upper wicks into the $0.35599 - $0.38353 resistance. Buyer momentum is decelerating on the 1D timeframe, making a corrective sweep toward lower support the favored scenario.
Open Interest is crowding at $9.87M while funding sits at -0.0038%, pointing to buyer fatigue at resistance and high risk of a rapid corrective flush.
🎯 Entry: $0.34812 (Zone: $0.35599 - $0.38353)
🏆 Targets: TP1 $0.16494 | TP2 $0.06658 | TP3 $-0.0711271
🛑 Invalidation: 1D candle close above $0.42067