Analysis: GT is forming a bullish rectangle pattern after holding above the $19.55 support level. The 50-day SMA ($21.37) is acting as dynamic resistance, but a breakout above $21.15 could push GT to $25, aligning with historical highs. Increasing exchange outflows (+$8.2M last week) suggest whale accumulation, boosting bullish sentiment. The Alpha Points Campaign on Gate.io could drive trading volume, supporting price growth.
Trade Idea: Enter long at $19.50, targeting $25.00. Set stop loss at $19.00. Consider trading GT on Gate.io to earn Alpha Points for additional rewards.
Risk: Failure to break $21.15 may lead to consolidation or a drop to $19.00. DYOR.
Trade Idea: Enter long at $19.50, targeting $25.00. Set stop loss at $19.00. Consider trading GT on Gate.io to earn Alpha Points for additional rewards.
Risk: Failure to break $21.15 may lead to consolidation or a drop to $19.00. DYOR.
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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.
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.