$GTC
🚨 Will the rally continue, or are we about to see a correction?
The price is currently near $0.22 after a strong rally. On the daily chart, the coin has clearly broken out of a long accumulation phase and started an upward move. However, the price is approaching a key resistance at $0.244–$0.246, so chasing the price right now may not be the best move.
🟢 Scenario 1 | Rally continues
As long as the price holds above $0.206, the trend remains positive. A breakout above $0.244–$0.246 and holding above that range would support further upside.
🎯 Target 1: $0.26
🎯 Target 2: $0.28
🎯 Target 3: $0.30
🔵 Scenario 2 | Correction and retest
After the strong rise, any correction would be normal. The key areas I’m watching for buying opportunities are:
🟢 $0.175–$0.180 — first zone
🟢 $0.154–$0.160 — stronger zone
🟢 $0.133–$0.140 — deeper correction
From these buying zones, we’ll watch for momentum to gradually recover toward $0.206 and then $0.244. If it breaks above that level, the upside targets are:
🎯 Target 1: $0.26
🎯 Target 2: $0.28
🎯 Target 3: $0.30
⚠️ $0.244–$0.246 is a very important resistance zone, so it’s better not to chase the price there. Wait for a breakout and consolidation above it, or for a correction to better levels.
#GTC #GTCUSDT #Technical_Analysis #Cryptocurrencies #Binance #Trading
🚨 Will the rally continue, or are we about to see a correction?
The price is currently near $0.22 after a strong rally. On the daily chart, the coin has clearly broken out of a long accumulation phase and started an upward move. However, the price is approaching a key resistance at $0.244–$0.246, so chasing the price right now may not be the best move.
🟢 Scenario 1 | Rally continues
As long as the price holds above $0.206, the trend remains positive. A breakout above $0.244–$0.246 and holding above that range would support further upside.
🎯 Target 1: $0.26
🎯 Target 2: $0.28
🎯 Target 3: $0.30
🔵 Scenario 2 | Correction and retest
After the strong rise, any correction would be normal. The key areas I’m watching for buying opportunities are:
🟢 $0.175–$0.180 — first zone
🟢 $0.154–$0.160 — stronger zone
🟢 $0.133–$0.140 — deeper correction
From these buying zones, we’ll watch for momentum to gradually recover toward $0.206 and then $0.244. If it breaks above that level, the upside targets are:
🎯 Target 1: $0.26
🎯 Target 2: $0.28
🎯 Target 3: $0.30
⚠️ $0.244–$0.246 is a very important resistance zone, so it’s better not to chase the price there. Wait for a breakout and consolidation above it, or for a correction to better levels.
#GTC #GTCUSDT #Technical_Analysis #Cryptocurrencies #Binance #Trading
