GateToken/Tether
Panjang

Overbought Stochastic RSI Suggests Pullback

5
Analysis: The Stochastic RSI for GT is above 0.8, indicating overbought conditions and a likely correction. The price is trading at $21.98, just below the $22.15 EMA, which has acted as dynamic resistance. The 4-hour chart shows a bearish divergence, with price highs not confirmed by RSI peaks. A break below $21.47 could lead to a decline toward $19.95, with $18.74 as a deeper support level.
Entry Point: $21.80
Target Price: $19.95
Stop Loss: $22.30
Timeframe: 1–2 weeks
Rationale: Overbought Stochastic RSI and bearish divergence on the 4-hour chart suggest GT is primed for a short-term correction, aligning with resistance at $22.15.

Penafian

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