$GT | USDT is in a clear downtrend on the 1H chart, consolidating near recent lows with controlled selling pressure dominating. Price action shows repeated failures to hold above key moving averages, with MA30 at 9.44 acting as strong resistance. Momentum remains bearish via MACD divergence, increasing breakout risk to the downside if support at 9.20 cracks. Watch for volume spikes on any retest.
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$GT | USDT is in a clear downtrend on the 1H chart, consolidating near recent lows with controlled selling pressure dominating. Price action shows repeated failures to hold above key moving averages, with MA30 at 9.44 acting as strong resistance. Momentum remains bearish via MACD divergence, increasing breakout risk to the downside if support at 9.20 cracks. Watch for volume spikes on any retest.
Entry Zone: 9.30 - 9.40 (short)
TP1: 9.10
TP2: 8.90
TP3: 8.50
Stop-Loss: 9.60
$GT
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