$GTC 📉 GTC/USDT 2H Chart Analysis – Bearish Trend Alert 🚨
🕒 Timeframe: 2-Hour ⏳
📍 Exchange: Binance
💰 Current Price: $0.469
📉 24H Change: Downtrend Continuing
📊 Technical Breakdown:
🕯️ Candle & Chart Pattern Analysis:
📌 Bearish Engulfing Pattern at resistance level – signals strong selling pressure.
📉 Lower Highs & Lower Lows forming – classic downtrend confirmation.
🔻 Bearish Flag Formation - price likely to break down further.
🔻 Trend & Trade Setup:
⚠️ Trend: Bearish 🔥
📉 Trend Signal: Sell on Breakdown
⏳ Trade Duration: Short-Term (2-6H) / Swing Trade
🔹 Key Support & Resistance Levels:
📉 Immediate Support: $0.463 | $0.440
📈 Major Resistance: $0.475 | $0.491
📊 DMI (Directional Movement Index):
🔴 -DI (24.78) > +DI (11.93) ⬅️ Bearish Pressure
📉 ADX (21.21) – Weak trend strength, but sellers still in control.
📈 RSI (Relative Strength Index): 43.85
⚠️ RSI below 50, indicating weak momentum and lack of buyer strength.
🚀 Moving Averages:
Price below 50 EMA & 200 EMA resistance at $0.491 (downtrend continuation).
📉 Volume Analysis:
📌 Recent volume spike on red candles, confirming strong selling pressure.
🔻 Trade Setup (Bearish Plan) 📉
🔻 Entry (Short): Below $0.469 (on breakdown confirmation).
🎯 Target 1: $0.463
🎯 Target 2: $0.440 (next major support).
📉 Extended Bearish Target: If $0.440 fails, expect $0.420 next.
🔥 Final Thought: Bearish Bias 📉
🚨 Trend is Down! Selling pressure is strong, and price is respecting resistance levels. Expect further downside unless bulls reclaim $0.475.
💡 Trade Duration: Short-term intra-day to swing (2-6H timeframe).
📢 Actionable Signal: Look for breakdown confirmations before entering shorts.
🔥 Stay Updated! Follow for More Trading Insights! 📊🚀 #CryptoTrading
#GTC #BearishTrend 🔥
📌 Disclaimer: This is not financial advice. Do your own research before trading. 💡
#GTC #BinanceAlphaAlert #Binance #TradingSignals