The 4H chart for GT/USDT shows a clear **descending structure** as the price struggles to hold key levels. Market structure shifted bearish after losing the $7.40 support, now acting as resistance. Currently, GT is trading below the **MA5, MA10, and MA30**, confirming short-term downward momentum. The MACD is also trending in negative territory with widening histograms, suggesting that the path of least resistance remains down for now.


**Spot Entry Logic:** Wait for a confirmed bounce off the $7.20 support zone or a breakout above the MA30 ($7.31) to flip sentiment. Keep a tight stop-loss just below recent local lows to minimize risk.
* **Entry:** $7.22 - $7.25
* **Stop-Loss:** $7.18
### **Take Profit (TP) Targets**
1. **TP1:** $7.34 (Average Price / Resistance)
2. **TP2:** $7.42 (Previous Swing High)
3. **TP3:** $7.50 (Psychological Barrier)
*NFA (Not Financial Advice). Do your own research.*
$GT
GT-0.41%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments