GT is behaving very differently. It’s not impulsive, it’s controlled. After sweeping liquidity near 9.51, price has been forming higher lows and compressing under the 9.85–9.90 resistance. This is classic reaccumulation behavior. Volume spikes on down candles are being absorbed, not extended, which tells you sellers are getting weaker. As long as price holds above 9.65–9.70, structure remains bullish and a slow grind into 9.90 and then 10.20 becomes possible. But until 9.90 is accepted with a close and hold, this remains range work, not a breakout. If 9.65 fails, the range likely rotates back to 9.50 liquidity again. No reason to force trades in the middle.
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.
$GT /USDT
GT is behaving very differently. It’s not impulsive, it’s controlled. After sweeping liquidity near 9.51, price has been forming higher lows and compressing under the 9.85–9.90 resistance. This is classic reaccumulation behavior. Volume spikes on down candles are being absorbed, not extended, which tells you sellers are getting weaker.
As long as price holds above 9.65–9.70, structure remains bullish and a slow grind into 9.90 and then 10.20 becomes possible. But until 9.90 is accepted with a close and hold, this remains range work, not a breakout.
If 9.65 fails, the range likely rotates back to 9.50 liquidity again. No reason to force trades in the middle.