Price bled into demand and is now compressing after a sharp sell-off. Momentum is still weak, but selling pressure is fading — classic short-term consolidation at support. A reclaim of local MAs opens breakout risk; failure sends it for another sweep.
Market Structure • Trend: Short-term bearish → attempting base • Momentum: Weak but stabilizing • Behavior: Compression after sell-off = volatility loading
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$GT
Price bled into demand and is now compressing after a sharp sell-off. Momentum is still weak, but selling pressure is fading — classic short-term consolidation at support. A reclaim of local MAs opens breakout risk; failure sends it for another sweep.
Market Structure • Trend: Short-term bearish → attempting base
• Momentum: Weak but stabilizing
• Behavior: Compression after sell-off = volatility loading
Key Levels • Support: 10.10 – 10.00
• Resistance: 10.35 / 10.60 / 10.90
Trade Setup • Entry Zone: 10.15 – 10.25
• TP1: 10.35
• TP2: 10.60
• TP3: 10.90
• Stop-Loss: 9.95
Bias flips bearish if 10.00 breaks with volume. Otherwise, this is a controlled bounce play from demand.
#GT