$GT Bullish reaction from key intraday demand after sharp sell pressure.
I’m seeing a controlled sell-off from 7.33 down to 6.81, and that last leg looks like a liquidity sweep rather than fresh distribution. The move was aggressive, straight candles down into prior support. Now price is stabilizing around 6.80–6.90, which has acted as a reaction zone before.
Market Read: I’m watching 6.80 as short-term demand. Sellers pushed hard, but follow-through is slowing. The wick near 6.81 shows buyers stepping in. If we build a higher low on 1H above 6.85, this can turn into a relief bounce toward the breakdown origin.
This isn’t confirmed reversal yet. It’s a reaction play from support.
Entry Point: I’m entering between 6.85 – 6.95 after 1H consolidation and minor structure shift.
Stop Loss: 6.70 below the sweep low and structural invalidation.
How it’s possible: The drop was fast and emotional. That usually clears weak hands. If price holds above 6.80 and reclaims 7.00 with volume, shorts from the breakdown zone can get pressured. A squeeze toward 7.20+ becomes likely if buyers maintain control above reclaimed levels.
I’m trading the bounce from demand with defined risk, not predicting trend change.
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$GT Bullish reaction from key intraday demand after sharp sell pressure.
I’m seeing a controlled sell-off from 7.33 down to 6.81, and that last leg looks like a liquidity sweep rather than fresh distribution. The move was aggressive, straight candles down into prior support. Now price is stabilizing around 6.80–6.90, which has acted as a reaction zone before.
Market Read:
I’m watching 6.80 as short-term demand. Sellers pushed hard, but follow-through is slowing. The wick near 6.81 shows buyers stepping in. If we build a higher low on 1H above 6.85, this can turn into a relief bounce toward the breakdown origin.
This isn’t confirmed reversal yet. It’s a reaction play from support.
Entry Point:
I’m entering between 6.85 – 6.95 after 1H consolidation and minor structure shift.
Target Points:
TP1: 7.07 (recent intraday resistance)
TP2: 7.22 (prior supply cluster)
TP3: 7.33 (local high area)
Stop Loss:
6.70 below the sweep low and structural invalidation.
How it’s possible:
The drop was fast and emotional. That usually clears weak hands. If price holds above 6.80 and reclaims 7.00 with volume, shorts from the breakdown zone can get pressured. A squeeze toward 7.20+ becomes likely if buyers maintain control above reclaimed levels.
I’m trading the bounce from demand with defined risk, not predicting trend change.
Let’s go and Trade now $GT