$GTC This line hit pretty hard: over 24h, -21.33%. It went straight from 0.1546 to 0.11134. Trading value was 66.9M—volume increased while prices fell. This isn’t a shakeout; it’s distribution.
My take: stay bearish in the short term—don’t rush to bottom-fish. At 0.1113, we have the current low point, but there are no signs of a turnaround. The candles are making lower lows one after another, and every bounce is just feeding bears. If you really want to bet on a rebound, wait until price holds above 0.118. That’s the signal that bulls have regained control.
Trade logic: around the current price of 0.11368, I wouldn’t recommend going long. If you’re aggressive, you can short with a small position; set your stop-loss above 0.120, and if it breaks, admit you’re wrong. The first support below is 0.105. If that breaks, then look at the 0.10 psychological level. For the more cautious: stay sidelined and wait—this move hasn’t fully flushed out yet.
With a high-volume bearish candle like $GTC , anyone trying to bottom-fish has already been taught today 😐 Don’t be the second batch.
My take: stay bearish in the short term—don’t rush to bottom-fish. At 0.1113, we have the current low point, but there are no signs of a turnaround. The candles are making lower lows one after another, and every bounce is just feeding bears. If you really want to bet on a rebound, wait until price holds above 0.118. That’s the signal that bulls have regained control.
Trade logic: around the current price of 0.11368, I wouldn’t recommend going long. If you’re aggressive, you can short with a small position; set your stop-loss above 0.120, and if it breaks, admit you’re wrong. The first support below is 0.105. If that breaks, then look at the 0.10 psychological level. For the more cautious: stay sidelined and wait—this move hasn’t fully flushed out yet.
With a high-volume bearish candle like $GTC , anyone trying to bottom-fish has already been taught today 😐 Don’t be the second batch.
