$GT is reacting after a sharp sell-off, and the reason is clear: a strong distribution zone failed, liquidity was taken on the upside, and price collapsed into a fresh demand pocket where buyers are trying to stabilize.

I’m watching this chart closely and what I see is a classic impulsive drop followed by a weak bounce. That bounce tells me sellers are still active, but demand around the recent low is not completely gone. This creates a high-probability setup where price either gives one more sweep lower or starts a controlled recovery if support holds.

Market read
I’m reading this as a short-term corrective phase inside a broader bearish move. Structure is still making lower highs, and price is trading below previous support, now acting as resistance. Buyers are reactive, not confident. Any upside needs confirmation before trusting it.

Entry Point
I’m planning a long entry near 7.35 – 7.45, close to the demand zone where price already showed a reaction.
If price breaks and holds below 7.30, I stay out and reassess.

Target Point
TP1: 7.85 – first resistance and imbalance fill
TP2: 8.20 – previous rejection zone
TP3: 8.65 – major supply area and trend decision level

Stop Loss
My stop is placed below 7.20. If price loses this level, the demand is invalid and downside continuation is likely.

How it’s possible
This setup works because price already flushed liquidity, weak hands exited, and the market is now testing whether real buyers are present. If demand holds, we get a relief move toward prior resistance. I’m not expecting miracles — just a structured bounce based on location, not hope.

I’m keeping it simple, respecting risk, and letting price confirm the story before committing fully.

Let’s go and Trade now $GT