Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
GT/USD
📊 Market Structure & Key Levels
· Current Price: $9.79 (+0.10%)
· 24H Range: $9.73 (Low) – $9.90 (High)
· Key Swing High: $10.88 (Nov 21)
· Key Swing Low: $9.07 (Recent base)
· Immediate Resistance: $9.90
· Immediate Support: $9.73 → **$9.56** → $9.07
🧠 K-line & Psychology Analysis
The chart shows a clear bearish trend consolidation after a rejection from $10.88. Recent price action is compressing between $9.56–$9.90, indicating indecision before the next directional move.
Notable Candlestick Patterns:
· Multiple pinbars near $9.73–$9.90 zone → rejection tails show liquidity grabs
· Compression near MA5 (48.78K) & MA10 (65.90K) volume → low momentum phase
· MACD Convergence: DIF (-0.16) approaching DEA (-0.12) → potential bullish crossover if price holds above $9.5
⚡ Double Purge Theory Application
Double Purge Theory states that markets often test key levels twice to sweep liquidity before reversing.
First Purge:
· Swept liquidity below $9.07 in late Dec/early Jan
· Rapid recovery to $9.79 → stop hunts completed
Second Purge (Expected):
· Price is retesting the $9.56–$9.73 demand zone
· A final dip towards $9.56 could sweep remaining longs before reversal
· MACD bullish convergence supports hidden strength
📈 Trade Plan Using Double Purge Theory
Scenario: Bullish Reversal After Second Purge
Entry Zone: $9.56 – $9.60
Stop Loss: $9.07 (below first purge low)
Targets:
· TP1: $9.90 (immediate resistance)
· TP2: $10.25 (mid-range fair value)
· TP3: $10.88 (full swing high retest)
Risk/Reward: 1:3+
Confirmation Needed:
· MACD bullish crossover
· Volume spike on approach to $9.56
· 4H close above $9.73 after entry
🎯 Final Verdict by INVESTERCLUB
GT is in a liquidity accumulation phase. The double purge towards $9.56 is the **final flush** before a potential bullish reversal towards $10.88. Watch for MACD crossover and volume confirmation.
Trade safe. Purge twice, profit once.
Analysis based on chart data. Always manage risk.
Double Purge Theory is a liquidity-based framework used by professional traders to identify reversal zones after stop hunts.