The GT token is showing signs of a potential reversal at the $22.485 level. The stochastic oscillator is approaching the oversold zone, which often precedes a price rebound. If the current support is confirmed, we might witness a sharp upward movement. Traders should watch for a close above the 30-period moving average to validate the reversal. This could present a good entry point for a long trade, with a stop loss just below the recent low.
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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.