GT just printed a strong breakout from the 10.25 base, ripping straight into 10.79 before cooling off. The 15m chart shows a clear momentum shift with buyers taking full control of the short term structure. Price is now holding around 10.62, sitting comfortably above the MA5, MA10 and MA30, all of which have curled upward in a bullish alignment.
The breakout was driven by a clean liquidity sweep. Once GT reclaimed 10.40, sellers thinned out and buyers pushed through each layer with almost no resistance. The long impulse candle shows strong participation, and the spike in volume confirms that this was not random drift but actual demand. There were no liquidation style reversals on the way up, which suggests the move was supported by spot flow and tactical breakout traders rather than an aggressive short squeeze.
The pullback from 10.79 is normal profit taking. Volume dropped immediately after the high, signaling that the retrace is not being driven by heavy selling pressure. Funding conditions across perp markets remain neutral, meaning leverage has not overheated and there is still room for traders to build positions if momentum continues.
Key resistance remains the 10.75 to 10.80 zone which acted as the initial rejection. A clean reclaim above it would open the door toward the next liquidity band near 11.00. On the downside, support sits at 10.50 and then 10.40. As long as GT holds above these levels, the short term trend remains bullish and favors continuation.
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GateUser-0e3fec40
· 13h ago
How can there be any talk of a rise when there's no trading volume?
GT just printed a strong breakout from the 10.25 base, ripping straight into 10.79 before cooling off. The 15m chart shows a clear momentum shift with buyers taking full control of the short term structure. Price is now holding around 10.62, sitting comfortably above the MA5, MA10 and MA30, all of which have curled upward in a bullish alignment.
The breakout was driven by a clean liquidity sweep. Once GT reclaimed 10.40, sellers thinned out and buyers pushed through each layer with almost no resistance. The long impulse candle shows strong participation, and the spike in volume confirms that this was not random drift but actual demand. There were no liquidation style reversals on the way up, which suggests the move was supported by spot flow and tactical breakout traders rather than an aggressive short squeeze.
The pullback from 10.79 is normal profit taking. Volume dropped immediately after the high, signaling that the retrace is not being driven by heavy selling pressure. Funding conditions across perp markets remain neutral, meaning leverage has not overheated and there is still room for traders to build positions if momentum continues.
Key resistance remains the 10.75 to 10.80 zone which acted as the initial rejection. A clean reclaim above it would open the door toward the next liquidity band near 11.00. On the downside, support sits at 10.50 and then 10.40. As long as GT holds above these levels, the short term trend remains bullish and favors continuation.
Right now GT is showing strong structure, rising volume on expansion and controlled cooldown on pullbacks. The market looks poised for another push as long as buyers defend the breakout zone and liquidity stays supportive.
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