GT/USDT here is a trade plan for today.

$GT ‌#MarvellPlungesNearly10%

1. The Big Picture (Context)

· Trend: Down -2.32% today, trading at the Lower Bollinger Band (6.73) —a potential oversold bounce zone.
· Key Level: Price is pinned at 6.73 (LB), with Middle Band at 6.83 acting as immediate resistance.

2. The Setup

· Entry Zone: 6.73 - 6.75 (current area, near Lower Bollinger support).
· Trigger: Look for a bullish reversal candle (hammer, bullish engulfing) or increased volume on the 1H chart.
· Alternative Entry: Wait for a break above 6.83 (Middle Band) to confirm momentum.

3. The Plan

· Resistance (Take Profit):
· TP1: 6.83 (Middle Bollinger—quick scalp).
· TP2: 6.93 (Upper Bollinger—main target).
· TP3 (if strong): 7.11 (Avg. Price—major resistance).
· Support (Stop Loss):
· SL: 6.60 (below LB, allowing for a fakeout). Risk ~2% from entry.

4. Risk Management

· Position Size: Normal size (this is a mean-reversion trade, not a volatile pump).
· Risk per trade: 1-2% of portfolio.
· R/R Ratio: Entry 6.73 → TP1 6.83 (+1.5%) vs SL 6.60 (-2%) = ~0.75:1 (tight). For better R/R, aim for TP2 at 6.93 (+3%).

5. Scenarios to Watch

Scenario Action
Price bounces off 6.73 Enter now. Set SL at 6.60. Take 50% at 6.83, move SL to break-even, ride to 6.93.
Price breaks below 6.73 Wait. Do not enter until price reclaims 6.73 with volume.
Price breaks above 6.83 Add to position. Target 6.93 then 7.11.
Price hits 6.93 Take final profit. This is the Upper Band—likely to reject.

Final Verdict

Buy the bounce at 6.73 with a tight stop. This is a low-risk scalp toward 6.83-6.93. If 6.73 fails to hold, step aside and wait for a reclaim. Do not hold if 6.60 breaks.