$GT – I’m seeing strong higher-low structure holding after a healthy pullback from 7.14, and buyers are stepping back in near 6.85–6.90 demand.
Price pushed aggressively from 6.77 to 7.14, creating a clear impulsive leg. The recent drop is corrective, not structural breakdown. We tapped liquidity below 6.90 and immediately bounced. That tells me support is active.
Market Read: I’m watching the 1H trend. We printed higher highs and higher lows from 6.77. The rejection from 7.14 was profit-taking, not trend reversal. As long as 6.77 stays intact, bulls control the structure. If we reclaim 7.00 with strength, momentum continuation toward previous high becomes likely.
Volume expansion during the upside leg confirms participation. The pullback shows decreasing pressure. That imbalance favors continuation.
Entry Point: I’m interested between 6.88 – 6.95 with confirmation hold above 6.85.
Target Points: TP1: 7.14 TP2: 7.35 TP3: 7.60
If breakout volume increases above 7.14, extension toward 7.80 is possible.
Stop Loss: 6.72 (below structural higher low and invalidation zone)
How it’s possible: The move from 6.77 created bullish order flow. The retrace to 6.85 filled resting bids and reset momentum indicators. If buyers defend this higher-low area, shorts above 7.00 will get pressured. Once 7.14 breaks clean, breakout traders enter and fuel acceleration.
Risk is clearly defined below 6.72. Upside liquidity sits above 7.14. Structure supports continuation.
I’m positioned with discipline. Trend is intact. Momentum is rebuilding.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$GT – I’m seeing strong higher-low structure holding after a healthy pullback from 7.14, and buyers are stepping back in near 6.85–6.90 demand.
Price pushed aggressively from 6.77 to 7.14, creating a clear impulsive leg. The recent drop is corrective, not structural breakdown. We tapped liquidity below 6.90 and immediately bounced. That tells me support is active.
Market Read:
I’m watching the 1H trend. We printed higher highs and higher lows from 6.77. The rejection from 7.14 was profit-taking, not trend reversal. As long as 6.77 stays intact, bulls control the structure. If we reclaim 7.00 with strength, momentum continuation toward previous high becomes likely.
Volume expansion during the upside leg confirms participation. The pullback shows decreasing pressure. That imbalance favors continuation.
Entry Point:
I’m interested between 6.88 – 6.95 with confirmation hold above 6.85.
Target Points:
TP1: 7.14
TP2: 7.35
TP3: 7.60
If breakout volume increases above 7.14, extension toward 7.80 is possible.
Stop Loss:
6.72 (below structural higher low and invalidation zone)
How it’s possible:
The move from 6.77 created bullish order flow. The retrace to 6.85 filled resting bids and reset momentum indicators. If buyers defend this higher-low area, shorts above 7.00 will get pressured. Once 7.14 breaks clean, breakout traders enter and fuel acceleration.
Risk is clearly defined below 6.72. Upside liquidity sits above 7.14. Structure supports continuation.
I’m positioned with discipline. Trend is intact. Momentum is rebuilding.
Let’s go and Trade now $GT