$GT #TrumpAnnouncesNewTariffs

Based on strategy (1H IRL/ERL, 5M FVG),

Here is a breakdown of the current situation for GT/USDT:

🔍 Current Market Context (1H Analysis)

· Price Action: The price is currently at $7.02.
· Trend: On the 1D chart (visible in the second screenshot), the market is in a strong uptrend, recently spiking to $7.40 before pulling back.
· 1H Structure (IRL/ERL):
· The 1H chart shows price recently broke below a key structure (likely an ERL break) and is now trading inside a range.
· The Bollinger Bands on the 1H are wide, indicating volatility. Price is hovering near the middle band.
· SAR: The Parabolic SAR is at 6.84 (below price), suggesting the broader intraday trend might still be bullish if price holds above this level.

📈 5M FVG Setup (Entry Logic)

Looking at the 5M timeframe (likely the left screenshot):

1. Liquidity Sweep: Price swept the 24h Low at $6.60 earlier and made a strong bounce.
2. FVG Detection: After the bounce, price created a range. You are looking for a Fair Value Gap (FVG) on the 5M chart where price might retrace to fill the imbalance before continuing the move.
3. Confluence:
· The current price ($7.02) is sitting near a **resistance level** (just below the 1H high of $7.09).
· The LB (Lower Band) on the 5M is at $6.99, which could act as a support if price dips.

💡 Potential Scenarios & Entry

Scenario A: Bullish Continuation (Preferred by trend)

· Condition: Price must hold above **$7.02** and break the $7.09 high.
· FVG Entry: Wait for a retracement to a 5M FVG that formed during the initial bounce up. Look for the price to dip into $6.99 - $7.00 range (which aligns with the 5M LB and potential imbalance zone).
· Target: Retest of $7.16 (1H resistance) or higher.

Scenario B: Bearish Rejection

· Condition: If price fails to break $7.09 and drops below $7.02.
· FVG Entry: Look for a break of the 1H structure to the downside, then a retracement into a 5M FVG to enter short.
· Target: $6.84 (SAR support) or lower.

✅ Recommendation

Given the higher timeframe (1D) is bullish, look for long entries.

· Wait for a slight dip.
· Watch the $6.99 - $7.02 zone.
· Enter if price enters a 5M FVG in that zone with bullish confirmation (e.g., a hammer candlestick).
· Stop Loss below the recent 5M swing low (approx $6.95).