💎GTC has recently demonstrated noteworthy market dynamics, breaking above the supply area and transitioning into a demand zone.
💎There's potential for the price to undergo a retesting phase at the demand zone before resuming its bullish movement, with the probability of GTC reaching our target area.
💎 However, if during the retesting phase, GTC fails to bounce off the demand area and instead breaks below it, the price may reverse back into a downward movement, potentially revisiting the demand zone.
💎 The price must bounce off the demand area and reclaim its position above it to maintain bullish momentum. Failure to do so could result in a breakdown below the demand zone, leading to further downward movement for GTC.