$GTC, I’m relying on this rise—it’s getting a bit crazy.
Current price around $0.0986
In the last 24h, it rebounded by about 13.7%, with weaker volume
Analysis:
On the 5-minute chart it suddenly surged 7.94% straight up—this speed is a little scary. But look at the volume: it’s weak. The thing I’m most afraid of with a rally like this is that nobody follows. When the price pushes upward but the trading volume doesn’t expand, it’s like one person shouting a slogan loudly—yet nobody down below is answering. In the range from 0.0849 to 0.1, the upper edge just got touched. Whether it can hold steady depends on whether the volume can keep up afterward. If the volume still can’t catch on, then this move is a bit like a fakeout: pull it up to lure people in, then quietly slip away. Anyway, with this volume right now, I’m not too sure it can surge through in one go. Let’s first see if it can hold.
Did you catch the falling knife?
Current price around $0.0986
In the last 24h, it rebounded by about 13.7%, with weaker volume
Analysis:
On the 5-minute chart it suddenly surged 7.94% straight up—this speed is a little scary. But look at the volume: it’s weak. The thing I’m most afraid of with a rally like this is that nobody follows. When the price pushes upward but the trading volume doesn’t expand, it’s like one person shouting a slogan loudly—yet nobody down below is answering. In the range from 0.0849 to 0.1, the upper edge just got touched. Whether it can hold steady depends on whether the volume can keep up afterward. If the volume still can’t catch on, then this move is a bit like a fakeout: pull it up to lure people in, then quietly slip away. Anyway, with this volume right now, I’m not too sure it can surge through in one go. Let’s first see if it can hold.
Did you catch the falling knife?
