$GT — bullish structure loading



I’m interested here because price just defended a clean demand zone after a sharp intraday flush, and buyers stepped in exactly where they needed to. That bounce wasn’t random. It came after weak hands were shaken out near the recent low, and now price is reclaiming the middle of the short-term range with steady candles, not panic wicks. That tells me sellers are getting absorbed.

I’m reading this as a short-term bullish continuation inside a broader range. Momentum slowed on the drop, selling pressure dried up near the bottom, and the recovery candles are controlled. This is usually how a base forms before a push higher.

Market read
I’m seeing a liquidity sweep below the recent support, followed by immediate recovery. That move cleared stops, invited late shorts, and then flipped the flow. As long as price holds above the reclaimed zone, buyers stay in control. Structure is no longer impulsively bearish, it’s rotating upward.

Entry point
I’m looking to enter around 6.90 – 7.00 on minor pullbacks or consolidation. This is the area price is currently accepting, and I want to be in while it’s building above the defended low.

Target point
TP1: 7.20 — first resistance from prior rejection, partial profits here
TP2: 7.45 — range high and strong reaction zone
TP3: 7.80 — expansion target if momentum accelerates

Stop loss
I’m keeping risk tight below 6.75. A clean break and acceptance below that level invalidates the bullish structure I’m trading.

How it’s possible
This works because the market already did the hard part. Liquidity below support is taken, selling pressure weakened, and price reclaimed value. If buyers continue to defend above the entry zone, upside targets become magnets. I’m not chasing strength, I’m positioning where risk is defined and structure favors continuation.

Risk is clear, structure is clear, and the reaction from the low tells me buyers are active again.

Let’s go and Trade now $GT
GT-0,98%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Vortex_Kingvip
· 4h ago
good information shared 😁👍
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)