$GTC - Chasing 60%+ candles in greed territory usually ends with the chaser providing exit liquidity.
Volume spikes on parabolic moves attract late buyers who become the next session's trapped longs. Wait for the range to form, then trade the break of that range - not the initial extension.
Live example: $GTC +64.3% on 38.2M USDT volume.
Tape now: $BTC 86,412 USDT (+1.4%) · $ETH 2,722 USDT (+0.8%)
#TradingTips #RiskManagement
Volume spikes on parabolic moves attract late buyers who become the next session's trapped longs. Wait for the range to form, then trade the break of that range - not the initial extension.
Live example: $GTC +64.3% on 38.2M USDT volume.
Tape now: $BTC 86,412 USDT (+1.4%) · $ETH 2,722 USDT (+0.8%)
#TradingTips #RiskManagement