$GTC here, hold on for a second.
This thing just pumped insanely fast, so I understand why people are looking for a short.
But one big pump on the chart is not enough to decide where the move ends.
I’ve been checking the other side of the setup too.
Funding has turned negative, a lot of short sellers are jumping in, and the on-chain activity I’m tracking is getting much hotter. To me, that means the move can still extend before any real dump happens.
I’m watching the $0.40–$0.45 area.
So instead of fighting the move here, I’m taking a small LONG on $GTC and risking only around 1% of my portfolio on the idea.
TP: $0.45
For SL, I’m not giving a random tight level on a coin moving like this. I’m entering only with proper risk management, small size, and enough room so one violent wick doesn’t destroy the position.
If your liquidation is sitting close, don’t take this trade.
This is one of those setups where the chart looks “too pumped” and everyone wants to short… which is exactly why I’m interested in seeing whether the crowd gets squeezed first.
Good luck. Let’s see who wins this one the late shorts or the momentum. 👀
#GTC #MarketUpdate #cryptotrading #trading
This thing just pumped insanely fast, so I understand why people are looking for a short.
But one big pump on the chart is not enough to decide where the move ends.
I’ve been checking the other side of the setup too.
Funding has turned negative, a lot of short sellers are jumping in, and the on-chain activity I’m tracking is getting much hotter. To me, that means the move can still extend before any real dump happens.
I’m watching the $0.40–$0.45 area.
So instead of fighting the move here, I’m taking a small LONG on $GTC and risking only around 1% of my portfolio on the idea.
TP: $0.45
For SL, I’m not giving a random tight level on a coin moving like this. I’m entering only with proper risk management, small size, and enough room so one violent wick doesn’t destroy the position.
If your liquidation is sitting close, don’t take this trade.
This is one of those setups where the chart looks “too pumped” and everyone wants to short… which is exactly why I’m interested in seeing whether the crowd gets squeezed first.
Good luck. Let’s see who wins this one the late shorts or the momentum. 👀
#GTC #MarketUpdate #cryptotrading #trading