Analysis: GT’s failure to hold above $22 on the 4-hour chart signals exhaustion. The price is testing the 50-day SMA ($21.37), with a bearish MACD crossover forming. Support at $19.55 is weakening, and a break below could target $18.50. The Fear & Greed Index at 64 (Greed) suggests overconfidence.
Trade Idea: Short at $19.50, targeting $18.50. Stop loss at $20.50.
Risk: A rebound above $20.90 could negate the bearish thesis.
Trade Idea: Short at $19.50, targeting $18.50. Stop loss at $20.50.
Risk: A rebound above $20.90 could negate the bearish thesis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.