#GTC 6 printed a +4.70% candle, surging to 0.18019. At the time, it looked like a reversal was coming.
But the next five candles were all bearish or flat, and the latest broke below the previous low, dipping to around 0.16673. The rebound volume was only 0.57x—not nearly enough.
Now at 0.17065, it’s sitting at 13% of the 24-hour range, hugging the floor. If 0.16673 breaks, watch 0.162.
But the next five candles were all bearish or flat, and the latest broke below the previous low, dipping to around 0.16673. The rebound volume was only 0.57x—not nearly enough.
Now at 0.17065, it’s sitting at 13% of the 24-hour range, hugging the floor. If 0.16673 breaks, watch 0.162.