GT/USDT 1H Trade Plan

$GT ‌#DeFiLossesTop600MInApril
Bias: Cautiously Bullish — Sharp spike breakout, now consolidating. Wait for confirmation.
Chart Reads:
Price exploded from ~$7.17 to $7.41 in one candle — likely news-driven
Now consolidating just below the 24h high ($7.41) with red candles — profit-taking
EMAs bullishly stacked (5 > 10 > 30), price sitting above all of them
BOLL Upper Band expanded sharply ($7.45) — room to push higher
MACD very weak: MACD ~0.00, DIF 0.04 — momentum nearly flat, confirming consolidation phase
Avg. Price tag at $7.17 suggests an open position from lower
Long Setup (Continuation)
Level
Price
Entry Zone
$7.27–$7.34 (pullback to EMA5/10)
Stop Loss
Below $7.12 (pre-breakout base)
Target 1
$7.41 (24h high retest)
Target 2
$7.55–$7.60 (BOLL extension)
R:R: ~1:2
If Already in Position (Avg. $7.17):
Currently +3% in profit
Consider moving stop to breakeven (~$7.17)
Take partial profit at $7.41, hold remainder for $7.55+
Watch Out For:
Failure to hold $7.27 (EMA5) could mean a deeper retest of $7.12
MACD needs to build momentum — a flat/weak MACD after a spike often leads to a slow bleed
No short setup unless price closes below $7.27 convincingly
Technical analysis only, not financial advice.