$GTC went absolutely parabolic with a +66% pump, but that massive rejection wick at 0.2457 is a huge warning sign for bulls! 🛑🕯️
Entry: 🎯 0.1750 - 0.1850
SL: 🛑 0.1480
TP: 💰 TP1: 0.2100 | TP2: 0.2300
$GTC just printed a monstrous vertical pump from 0.072 all the way to 0.2457 📈. However, it immediately got hit with a brutal rejection, crashing back down to 0.189. On a Perp chart, a 24h range this massive means high leverage traders on both sides are getting liquidated. The price is currently miles above the moving averages (MA7 is at 0.134), which means the chart is severely overextended. A deeper correction is very likely before any real continuation. Protect your capital.
Am I wrong? Tell me below 👇
#GTC #crypto
Entry: 🎯 0.1750 - 0.1850
SL: 🛑 0.1480
TP: 💰 TP1: 0.2100 | TP2: 0.2300
$GTC just printed a monstrous vertical pump from 0.072 all the way to 0.2457 📈. However, it immediately got hit with a brutal rejection, crashing back down to 0.189. On a Perp chart, a 24h range this massive means high leverage traders on both sides are getting liquidated. The price is currently miles above the moving averages (MA7 is at 0.134), which means the chart is severely overextended. A deeper correction is very likely before any real continuation. Protect your capital.
Am I wrong? Tell me below 👇
#GTC #crypto