📉 $GTC /USDT – Testing the Floor After Sharp Decline! Is a Rebound Brewing?
$GTC is trading at $0.239, down 5.91%, sitting just above its 24h low of $0.237. The price is now below all major moving averages, indicating strong bearish momentum:
MA(7): 0.241 | MA(25): 0.248 | MA(99): 0.245
Technical Breakdown:
– Rejected from $0.256
– Support holding around $0.236–$0.238
– Price structure suggests oversold conditions with potential for short-term bounce
– Volume remains light (1.01M GTC), but volatility is rising
🔹 Short-Term Trade Plan:
Entry: $0.237 – $0.240
TP1: $0.245
TP2: $0.249
SL: $0.232
🔸 Long-Term Trade Plan:
Entry: $0.234 – $0.239
TP1: $0.256
TP2: $0.265
SL: $0.226
Key zone in play — a clean bounce from $0.236 support could offer a solid setup. If support fails, expect a slide toward $0.225 range.
