$GMT/USDT 2h (#Bybit) Descending channel on resistance

Green Metaverse Token is retesting 100EMA and seems likely to bounce on it and drop.

⚡️⚡️ #GMT/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 9.4%

Current Price:
0.6443

Entry Zone:
0.6465 - 0.6687

Take-Profit Targets:
1) 0.6020
2) 0.5601
3) 0.5183

Stop Targets:
1) 0.7041

Published By: @Zblaba

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +25.38% | +44.49% | +63.54%
Possible Loss= -21.21%

Fib. Retracement= 1.117 | 1.414 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 1-2 weeks

Website: stepn.com

Trade closed: target reached

TP1 reached with +25.38% (3x) and +1.2R

GMT got rejected as planned and instantly went down to first target.
Now bouncing back towards resistance again, it may play out a 2nd time if we are fortunate enough!

Trade active

1st entry filled

GreenMetaverseToken went retesting 100EMA resistance and we are back in!

Trade closed: target reached

TP1 with +25.38% (3x) and +1.2R

Trade closed: stop reached

SL hit with -21.21% (3x) and -1R

GreenMetaverseToken regained 100EMA and seems to have broken-out bullish now!
Too bad we forgot to adjust Stop at Break-Even (BE) yesterday after reaching target.

TradingOn

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

TradingOn

Also on: