$GTC is up 8.6 percent today and I am passing on it
Volume is just matching the weekly average at 9.5 million dollars and the evidence for continuation is simply not strong enough here
Price sits 34.3 percent below the seven day high of 0.39300 dollars and chasing this without better confirmation invites a fast drawdown
What changes my mind is an hourly close and hold above 0.28967 dollars or a clean pullback that holds 0.22130 dollars and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $GTC here or waiting for 0.22130
#GTC #RiskManagement
Volume is just matching the weekly average at 9.5 million dollars and the evidence for continuation is simply not strong enough here
Price sits 34.3 percent below the seven day high of 0.39300 dollars and chasing this without better confirmation invites a fast drawdown
What changes my mind is an hourly close and hold above 0.28967 dollars or a clean pullback that holds 0.22130 dollars and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $GTC here or waiting for 0.22130
#GTC #RiskManagement