GLNCY Update: Traders who caught the inside range setup from late November are still seeing solid gains. The pivot level held exactly as anticipated, and bullish momentum carried price decisively higher. What made this play work? Strong demand showing up right at the support zone—a textbook confirmation that buyers were ready to step in. The price action that followed was clean: rejection of lower levels, then a smooth run to the upside. For active traders watching key support and resistance dynamics, this is a reminder that classical technical patterns still deliver when the market conditions align. The setup proved reliable, and execution mattered.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
GLNCY Update: Traders who caught the inside range setup from late November are still seeing solid gains. The pivot level held exactly as anticipated, and bullish momentum carried price decisively higher. What made this play work? Strong demand showing up right at the support zone—a textbook confirmation that buyers were ready to step in. The price action that followed was clean: rejection of lower levels, then a smooth run to the upside. For active traders watching key support and resistance dynamics, this is a reminder that classical technical patterns still deliver when the market conditions align. The setup proved reliable, and execution mattered.