$GTC: Breaks Below Critical Support: Further Drop Expected
SHORT SETUP GTC
Entry: $0.15020 - $0.15060
Stop Loss: $0.14500
Take Profit: $0.13960 (2R)
Key Levels: Support $0.14795 | Resistance $0.15060
Technical Analysis for $GTC: RSI sits in the lower 30s and MACD is below its signal line, both pointing to bearish pressure. The price is below the 9 and 21EMA, yet sits near the 200EMA, creating a weak countersignal. A short entry around 0.1506 is sensible, with a stop at 0.145 to stay 3.5% away. A 2R target of 0.1612 would need the price
Market Context: BTC is in a mixed 4hour trend and bearish 24hour movement, reflecting a broadly negative market environment.
SHORT $GTC
SHORT SETUP GTC
Entry: $0.15020 - $0.15060
Stop Loss: $0.14500
Take Profit: $0.13960 (2R)
Key Levels: Support $0.14795 | Resistance $0.15060
Technical Analysis for $GTC: RSI sits in the lower 30s and MACD is below its signal line, both pointing to bearish pressure. The price is below the 9 and 21EMA, yet sits near the 200EMA, creating a weak countersignal. A short entry around 0.1506 is sensible, with a stop at 0.145 to stay 3.5% away. A 2R target of 0.1612 would need the price
Market Context: BTC is in a mixed 4hour trend and bearish 24hour movement, reflecting a broadly negative market environment.
SHORT $GTC
