$GTC Long setup: the inducement was swept, the new high is the target
Long setup
Buy: 0.3321
SL: 0.31053
TP: 0.37524
R:R 1:2
I marked 0.3324 as the inducement once the high broke; the pullback into it was 23% of the leg. Price swept 0.3324 and is sitting right around it now. The new high at 0.37524 is still untouched, which is the draw. Stop 0.31053, target 0.37524. I'm paying 6.50% of risk for 2 times that in reward.
Overview
Market cap: 29.5M USD (+20.2% in 24h)
24h volume: 143M USD
Circulating supply: 87.49M of 100.00M (87%)
Top 10 holders hold 71.5% of the supply (burn / dead wallets excluded)
#GTC #Altcoins #TradeSetup
Long setup
Buy: 0.3321
SL: 0.31053
TP: 0.37524
R:R 1:2
I marked 0.3324 as the inducement once the high broke; the pullback into it was 23% of the leg. Price swept 0.3324 and is sitting right around it now. The new high at 0.37524 is still untouched, which is the draw. Stop 0.31053, target 0.37524. I'm paying 6.50% of risk for 2 times that in reward.
Overview
Market cap: 29.5M USD (+20.2% in 24h)
24h volume: 143M USD
Circulating supply: 87.49M of 100.00M (87%)
Top 10 holders hold 71.5% of the supply (burn / dead wallets excluded)
#GTC #Altcoins #TradeSetup