GNT is flat for several days, forming some kind of very slow double bottom.
This for sure can continue down, but an entry from here with a SL around 5k can lead to a nice risk/reward ratio with first resistance around 10k (already more than 2:1), and if this resistance breaks, price will explode.
The $3000-3700 area had the most important volumes in the past fews days but not only, in the past year as well.
If you zoom in the chart you will see it was buying happening, and the main transactions happened around $3200 area and $3400/3500 area.
Therefore I think important market players entered in this area and will not let the price go further down.
Yesterday was still uncertain with the dip till 3600, today price action confirms, if needed, that BTC is bullish and is probably headed for at least 5k. Of course nothing is certain with any technical analysis, especially in crypto, but pinbar & volume (also in lower TF) confirms this scenario.