🚨$GTC GTC Drops 14.83% – Bearish Alert! 📉
$GTC has taken a heavy hit, plummeting from its 24-hour high of $1.191 to a low of $0.957. Currently trading at $0.959, the price reflects a sharp 14.83% decline as selling pressure dominates.
What’s Happening? 🤔
A sudden bearish breakout triggered a massive sell-off, leading to consecutive red candles.
Trading volumes remain high, signaling continued trader activity, but momentum favors the sellers.
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Key Levels to Watch 🔍
Immediate Support: $0.957 – A break below this level could open the path to $0.940 or lower.
Next Resistance: $1.03 – Bulls need to reclaim this zone to show any recovery strength.
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Trading Strategy:
1️⃣ Short-term Traders: Look for reversal signals or double-bottom formations before entering any long positions.
2️⃣ Risk Management: Tight stop-losses are essential if attempting to catch a bounce.
3️⃣ Bearish Bias: Until GTC reclaims $1.03, further downside is a strong possibility.
⚠️ Reminder: Volatility remains high, and patience will be key for traders looking to capitalize on a potential rebound.
What’s your take—will GTC recover or test new lows? Share your thoughts! 👇