This coin is one of my long-term holds, but I sold a portion of my stack that I bought low on the recent top and redistributed the profits to some other coins. Still holding most of my position in GVTBTC, because I like the vision (no pun intended) and the team, and am interested in using the platform in the future.
However, I had a feeling it could drop to at least the 15000 range, which is has done. Based on previous support, it could consolidate for a while here and then chose a direction. Either we will be going down to 10000 (new established uptrend line) or completing our 3rd wave up to test the all time high level. Since the market appears to be finally turning bullish, the 3rd (C) wave up is possible.
Just presenting a couple of different scenarios. We'll see what happens. If you believe in this coin long term and have wanted to get in, laddering in buys now might not be a bad idea, as we might not go much lower. I'd save some for 10000 in case we get down there. If 10000 breaks decisively, this coin will need a breather for a while and may test the bottom of its range again.
This is not financial advice, just presenting some possibilities.
-Victor Cobra