$GTC bull trap is over
Short $GTC
Entry: 0.280 – 0.30
SL: 0.350
TP1: 0.265
TP2: 0.245
TP3: 0.220
TP4: 0.190
Why:
$GTC has surged over 50% in 24 hours, jumping from a recent low of 0.15625 to a high of 0.32470. Price is now trading around 0.27525 after facing rejection near the peak, suggesting that some traders may be booking profits following the explosive rally. MA7 at 0.21361, MA25 at 0.18909, and MA99 at 0.18851 are all below the current price, confirming a strong bullish trend rather than an established downtrend. A rejection around 0.2800–0.2950 could open the way toward 0.2650 and 0.2450, followed by 0.2200 if selling pressure increases. However, this is a high-risk countertrend short.
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#Altcoin Season# #Macro Insights#
Short $GTC
Entry: 0.280 – 0.30
SL: 0.350
TP1: 0.265
TP2: 0.245
TP3: 0.220
TP4: 0.190
Why:
$GTC has surged over 50% in 24 hours, jumping from a recent low of 0.15625 to a high of 0.32470. Price is now trading around 0.27525 after facing rejection near the peak, suggesting that some traders may be booking profits following the explosive rally. MA7 at 0.21361, MA25 at 0.18909, and MA99 at 0.18851 are all below the current price, confirming a strong bullish trend rather than an established downtrend. A rejection around 0.2800–0.2950 could open the way toward 0.2650 and 0.2450, followed by 0.2200 if selling pressure increases. However, this is a high-risk countertrend short.
📩DM ME ON X TO KNOW HOW TO JOIN MY PREMIUM FOR HIGHLY PROFITABLE TRADE SETUPS LIKE THIS
#Altcoin Season# #Macro Insights#