Analysis: GT is trapped in a falling wedge, but low volume and a bearish MACD crossover suggest a breakdown below $19.55. The next support lies at $18.50, with further downside to $17.72 (cycle low). Market sentiment remains cautious amid broader crypto volatility.
Trade Idea: Short GT at $19.50, targeting $18.50 and $17.72. Stop loss at $20.00.
Risk: A breakout above $20.90 could signal a bullish reversal.
Trade Idea: Short GT at $19.50, targeting $18.50 and $17.72. Stop loss at $20.00.
Risk: A breakout above $20.90 could signal a bullish reversal.
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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.