Hello everyone, we're looking at the 3h chart of GBLC.
Per volume profile, the 0.12-0.15 area is very crowded. We have strong support there; it is holding despite BTC struggles. unless we have another offering, it would be reasonable to assume that this level will hold. When BTC resumes uptrend, expect a retest at 0.30 over/under (another crowded area). If and when we manage to successfully breakout, expect to retest the ATH.
Per volume profile, the 0.12-0.15 area is very crowded. We have strong support there; it is holding despite BTC struggles. unless we have another offering, it would be reasonable to assume that this level will hold. When BTC resumes uptrend, expect a retest at 0.30 over/under (another crowded area). If and when we manage to successfully breakout, expect to retest the ATH.