$GTC SHORT SETUP ... RELIEF BOUNCE INTO RESISTANCE
GTC is still under pressure after the sharp rejection from 0.2457. The current bounce looks more like a relief move than a confirmed trend reversal.
Entry: 0.208–0.216
TP1: 0.198
TP2: 0.185
Next Price: 0.180
Extended Target: 0.168
SL: 0.248
As long as GTC stays below 0.212–0.224, sellers still have the advantage. A fresh rejection here can send price back toward 0.195 and below.
I wouldn’t use maximum size here better to keep the short aggressive in bias, but controlled in risk.
Trade on $GTC
GTC is still under pressure after the sharp rejection from 0.2457. The current bounce looks more like a relief move than a confirmed trend reversal.
Entry: 0.208–0.216
TP1: 0.198
TP2: 0.185
Next Price: 0.180
Extended Target: 0.168
SL: 0.248
As long as GTC stays below 0.212–0.224, sellers still have the advantage. A fresh rejection here can send price back toward 0.195 and below.
I wouldn’t use maximum size here better to keep the short aggressive in bias, but controlled in risk.
Trade on $GTC