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#GTC# Facing resistance in a sharp rise, preparing for short in play....
$GTC rose by +48.87% in the past 24 hours, reaching a high of 0.546 dollars before facing selling pressure and pulling back to 0.463 dollars. The sharp increase indicates overbought conditions, and the current price action shows signs of momentum slowing down, with sellers entering around the 0.50 dollar area. Still, 64.62% of the order flow is on the buy side, but declining volume at higher levels may open the door for a short-term correction.
Short entry zone: 0.465 USD – 0.475 USD
Stop Loss: Above $0.490
Objectives:
TP1: 0.450 USD (slight support)
TP2: 0.432 USD
TP3: 0.410 dollar if the downward momentum accelerates
Trade Forecasts:
After a vertical movement, prices often return to absorb profit-taking. The failure to reclaim $0.490 may strengthen the case for further withdrawal, with $0.432 as a key support level #Circle Launches ARC# #BTC Market Cap Tops Amazon# #Stablecoin Supply Tops $270B# #Tariff Issue New Update#