Analysis: 
GT’s 168.98% yearly gain has pushed the price to $21.8, above the upper Bollinger Band on the daily chart. The RSI at 78 signals overbought conditions, and a bearish engulfing candle near $22.15 suggests reversal potential. The $20.50 support, a key level on the 4-hour chart, is the next target.
Entry: $21.80 - $22.00
Target: $20.50 (5.96% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 1.3:1
Indicators: Bollinger Bands, RSI, Bearish Engulfing
GT’s 168.98% yearly gain has pushed the price to $21.8, above the upper Bollinger Band on the daily chart. The RSI at 78 signals overbought conditions, and a bearish engulfing candle near $22.15 suggests reversal potential. The $20.50 support, a key level on the 4-hour chart, is the next target.Entry: $21.80 - $22.00
Target: $20.50 (5.96% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 1.3:1
Indicators: Bollinger Bands, RSI, Bearish Engulfing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.