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$GT is pulling back after failing to hold above the $10.10 rejection zone, and I’m seeing this move as a liquidity-driven retrace, not a breakdown. Price swept short-term lows around $9.76, grabbed liquidity, and bounced slightly. That tells me sellers are exhausting and this zone deserves attention.
I’m watching the 1H structure and I can see a clear descending move slowing down into a strong reaction area. This level acted as support before and price is now compressing after the sweep. I’m not chasing highs, I’m interested where risk is controlled.
Entry Point
I’m planning my entry between $9.70 – $9.85. This is the liquidity sweep zone and demand reaction area. I want price to hold above the lows and stabilize here.
Target Point
TP1: $10.05 – first resistance and quick recovery level
TP2: $10.40 – previous distribution zone
TP3: $10.85 – trend extension if momentum flips
Stop Loss
My stop is below $9.55. A clean break below this level means demand failed and I step out instantly.
How it’s possible
I’m taking this trade because liquidity has already been taken, downside momentum is weakening, and price is sitting at a strong historical support. If buyers defend this zone, a rotation back toward the highs becomes very natural. Risk is small, structure is clear, and reward is solid.
I’m staying disciplined, following structure, and letting the setup come to me.
Let’s go and Trade now $GT