💎 GTC has recently demonstrated notable market dynamics by breaking out of a descending triangle pattern and undergoing a retesting phase, signaling bullish momentum.
💎 However, a key obstacle lies ahead at the supply area. If GTC manages to successfully break out above this supply zone, we can anticipate significant upward movement, potentially targeting our desired Bearish OB area.
💎 Conversely, if GTC fails to breach the supply area and faces rejection, the price may retreat to the demand area around 1.06 to gather new momentum for another attempt at breaking above the supply zone.
💎 The demand area has historically served as a strong level of support for GTC, with previous bounces reinforcing its significance. Nevertheless, a failure to bounce and subsequent breakdown of the demand zone could signal further downward movement towards the strong support area.
💎 This strong support area presents a lucrative buying opportunity for GTC traders, as a significant bounce or further downward movement may ensue.
💎 However, a key obstacle lies ahead at the supply area. If GTC manages to successfully break out above this supply zone, we can anticipate significant upward movement, potentially targeting our desired Bearish OB area.
💎 Conversely, if GTC fails to breach the supply area and faces rejection, the price may retreat to the demand area around 1.06 to gather new momentum for another attempt at breaking above the supply zone.
💎 The demand area has historically served as a strong level of support for GTC, with previous bounces reinforcing its significance. Nevertheless, a failure to bounce and subsequent breakdown of the demand zone could signal further downward movement towards the strong support area.
💎 This strong support area presents a lucrative buying opportunity for GTC traders, as a significant bounce or further downward movement may ensue.
Note
Another win! #GTC up 39.24%, as forecasted!
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.