I’m looking at $GTC /USDT, and the sharp drop from the 0.2610 area stands out. Price is now at 0.25690 after a small bounce from around 0.2554, but it remains below the MA60 at 0.26065. For me, buyers need to prove they can regain control before I consider a stronger recovery.
The immediate picture is still weak, with price attempting to stabilize after a steep sell-off. I’m watching 0.25727 as the first resistance, followed by 0.25912. The recent low near 0.25542 is the key downside level visible on this chart.
📍 Entry: 0.25727–0.25912, only after a reclaim and successful hold 🎯 TP1: 0.25912 🎯 TP2: 0.26065 🎯 TP3: 0.26281, only if momentum strengthens 🛑 Invalidation: Below 0.25542
If price loses 0.25542, I’d step away from this long setup because the bounce would be failing and selling pressure could continue.
The main risk is buying into a weak recovery while the moving average remains overhead. I’d wait for confirmation rather than chase this bounce; right now, the chart doesn’t show a confirmed reversal.
The immediate picture is still weak, with price attempting to stabilize after a steep sell-off. I’m watching 0.25727 as the first resistance, followed by 0.25912. The recent low near 0.25542 is the key downside level visible on this chart.
📍 Entry: 0.25727–0.25912, only after a reclaim and successful hold 🎯 TP1: 0.25912 🎯 TP2: 0.26065 🎯 TP3: 0.26281, only if momentum strengthens 🛑 Invalidation: Below 0.25542
If price loses 0.25542, I’d step away from this long setup because the bounce would be failing and selling pressure could continue.
The main risk is buying into a weak recovery while the moving average remains overhead. I’d wait for confirmation rather than chase this bounce; right now, the chart doesn’t show a confirmed reversal.