GTC was still at 0.086 in late September, then hit a high of 0.249 on 10/5—nearly tripling. Since then, it’s swung up and down by more than 20% each day, but the lows keep rising: 0.147, 0.166, and 0.181.
It’s been capped around 0.22, while volume has fallen sharply compared with 10/5. It looks like it’s forming a contracting triangle. Funding rates are flat, with little sign of leveraged traders chasing the move.
I’d scale in between 0.180 and 0.185, with a stop-loss at 0.1655. First target: 0.222, then 0.249. If a 4-hour candle closes below 0.170, the triangle is considered broken.
Just my personal opinion—not investment advice.
$GTC
It’s been capped around 0.22, while volume has fallen sharply compared with 10/5. It looks like it’s forming a contracting triangle. Funding rates are flat, with little sign of leveraged traders chasing the move.
I’d scale in between 0.180 and 0.185, with a stop-loss at 0.1655. First target: 0.222, then 0.249. If a 4-hour candle closes below 0.170, the triangle is considered broken.
Just my personal opinion—not investment advice.
$GTC