‍#ShareWeekly #GTBurnsNearly2MTokensInQ3 $GT

Everyone's going to post "burn = bullish" today, so let me give the version I actually believe as a futures trader.

Q3 burn was about 1.99M GT, roughly $22M. Cumulative burn is now around 191.9M, so close to 64% of the original 300M supply is gone. That part is real and I respect it. Supply is not growing, it's only shrinking, and not many tokens can say that.

But here's the part people skip: the burn in GT terms was actually smaller than last quarter (about 2.57M in Q2). The dollar value went up only because the price went up. So the burn is steady, not accelerating. It's a slow floor, not a rocket. I'm treating it as long-term support for the story, not a reason to ape in today.

Long-term value: I'm bullish on the multi-month view. Remaining supply is only around 108M, there's a steady quarterly sink, and GT is still more than half below its January 2025 high of about $25.96. That gap tells me the market hasn't priced in the full story. But it's also a reminder that a good burn doesn't protect you from a bad entry.

1. Upside or a better setup?
Both. Upside is there on the bigger timeframe, but short term GT is sitting around $11 after a decent run from the mid-single digits in the summer. I'm not chasing. A better setup is a pullback, not a breakout candle.

2. What I'm watching next?
Volume. GT's daily volume is not deep, so moves can reverse fast. If price holds above the $10.8 to $11 area on a retest with volume picking up, I get more comfortable. I'm also watching how BTC behaves, because GT rarely trends against a weak market for long.

3. My move:
Spot: holding my core bag, adding only on dips.
Futures: small size, low leverage, plan below.

Trade plan (futures, my own view, not advice):

Long entry zone: $10.40 to $10.80 on a pullback
Stop loss: below $9.90 (if it loses this, my idea is wrong, I'm out)
TP1: $12.00
TP2: $13.50
If it breaks above $11.30 and holds as support, I only add a small starter, not a full size

I'm not going to short a token with a burn like this, but I also won't pretend a burn guarantees green candles. Thin volume means slippage, so I keep leverage low and let the stop do the work.

Are you holding GT for the burn or trading the range?
@Gate_Square