TOOK OUR TIME IN ANALYZING THE POTENTIAL STRUCTURE OF THIS ALTCOIN AND CONSIDERED THIS TO BE EXTREMELY OVERSOLD!
#GTC has been moving below its major support from 2023 to this year. This has given an assumption to most traders that it will continue to decline. However, as we've taken a closer inspection. We were able to recognize the diminishing selling pressure that was met by excessive volume of demands. Knowing this, we were able to take a long position that has produced 29.49% of profit with a 3.43 risk-reward ratio. Taking advantage of the fact that once the market enters its panic-stricken mode. Most would eventually sell their holdings but we usually do the opposite.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
