AS YOU CAN SEE IN THE PREVIOUS CHATS YOU SEE OUR SECOND ENTRY NEVER GOT HIT.
WE PLACED AN OPENING AT 114 AND IT NEVER CAME DOWN TO THAT LEVEL (KEEP POSITIONS AT 114 OPEN IN CASE OF DUMP, IF NOT THEN TARGET 150+)
GTO IS A HIGHLY PUMP-ABLE COIN AND IT PUMPS FROM TIME TO TIME, KEEP AS USUAL I RECOMMEND KEEP YOUT TP IN PLACE AND BE REALISTIC ABOUT IT.
WELL GTO LOOKING LIKE IS WELL HOLDING SUPPORT AREA, IS IN HISTORICAL LOW, SO ACCUMULATION MIGHT TAKE SOME TIME.
ALSO IS ALWAYS GOOD TO SET TP AS THIS KIND OF COINS WILL ALWAYS PUMP WHEN YOU ARE AWAY. SO SET A REALISTIC TP AND WAIT
THERES A BUY ORDER FOR THIS TRADE AND IM HOPING IT CAN FILL IT, BUT IT SEEMS TO REJECT THAT ZONE.
IM HOPING THIS WILL COME DOWN AND...
GTO IS INITIALLY MOVING IN RANGE BUT BTC SHARP MOVES MAKE ALTS BLEED. STILL HOLDING AREA AND NOT MASSIVELY DUMPED AS OTHER HIGH CAP COINS.
HOLD GTO AND SET UR BUY ORDER FOR 114 AND PLACE TP WHERE YOU ARE COMFORTABLE I GOING FOR 160 AREA.
GTO LONG 137
EXPECT RETRACEMENT AND APPLY COST AV RULES!
FIRST COST AVERAGE TRADE YOU GOING TO PLACE IT 14-17% DOWN FROM YOUR ENTRY IF YOU ENTER LIKE ME
IF NOT WAIT AND BUY LOWER OR SIMPLY MISS IF PUMPS
GTO popped up big time and there seems more to come. Wave 3 finished in an extended smaller degree wave (v). Wave 4 is in the making right now, likely to become a triangle. Yellow lines show some standard targets in relation to wave (1).
Possible sketch for GTO recovery - lovely bull pendant forming, although this may fall lower should it look to recover to its previous rate with a further correction up then down to previous resistance. In this scenario, the fib should be discounted and redrawn to new levels (update will follow).
Considering the overall weakness of the sell pressures across the...