$GT #BuyTheDipOrWaitNow?

GT/USDT, here is a technical analysis focusing on buy-side and sell-side liquidity:

1. Current Trend & Structure

· Trend: Strongly bearish in the short term. Price is trading below the Bollinger Band midline (6.94) and below the Parabolic SAR dots (6.93), confirming downward momentum.
· Price Action: The chart shows a clear breakdown from the 7.17–7.44 resistance zone, now testing near 6.82.

2. Sell-Side Liquidity (SSL)

· Above Price: Liquidity rests above recent swing highs, likely around:
· 7.17 (recent resistance)
· 7.44 (previous high)
· 7.70 (24h high)
· Why it matters: Bears may look to trap longs by pushing price higher to collect sell-stop orders above these levels before resuming the downtrend.

3. Buy-Side Liquidity (BSL)

· Below Price: Liquidity pools are below recent lows, likely around:
· 6.66 (24h low)
· 6.56 (chart low shown)
· Why it matters: If price drops further, sell-side momentum may target these levels to trigger buy-stop losses before a potential reversal or consolidation.

4. Key Levels & Liquidity Traps

· Immediate Resistance: 6.94 (BB midline) / 6.93 (SAR)
· Breakdown Confirmation: A close below 6.68 (Lower Bollinger Band) could accelerate selling toward 6.56.
· Liquidity Grab Scenario:
· Bull trap: A quick pump toward 7.17–7.19 (UB zone) to liquidate shorts before dropping.
· Bear trap: A swift drop toward 6.56–6.66 to liquidate longs before a bounce.

5. Volume & Sentiment

· 24h Volume: Moderate (397.37K GT)
· Turnover: $2.85M USDT
· Reading: High sell pressure (-10%+) with volume supporting the breakdown. Low buying interest evident.

6. Trading Scenario

· Sell-side favored while price is below 6.94 and SAR dots.
· Watch for liquidity runs above 7.17 or below 6.66 for potential reversals or continuation traps.
· Bullish invalidation: A sustained break above 7.19 (Upper Bollinger Band) would shift structure.

Summary

GT/USDT is in a bearish phase with sell-side liquidity above and buy-side liquidity below. Traders should watch for liquidity grabs at key highs (7.17–7.44) and lows (6.56–6.66) for potential traps before the next directional move.