$GTC is showing strong upward momentum on the 5-minute chart, currently trading around 0.26497 USDT with a significant 14.71% gain in the last 24 hours. While the immediate price action is very bullish, the order book shows a huge wall with nearly 80% sell pressure versus 20% buy pressure. This conflict between current momentum and massive sell resistance is a fascinating technical setup.
Given the heavy sell wall visible in the order book, can $GTC break through this major resistance and keep climbing, or are we about to see a sharp rejection and correction? What do you think is going to happen next?
#GTC #Gitcoin #CryptoTrading #TechnicalAnalysis
Given the heavy sell wall visible in the order book, can $GTC break through this major resistance and keep climbing, or are we about to see a sharp rejection and correction? What do you think is going to happen next?
#GTC #Gitcoin #CryptoTrading #TechnicalAnalysis