$GMT/USDT 1h (#Bybit) Ascending triangle breakdown
Updated
Green Metaverse Token lost 50MA support and seems to have formed a double top pattern.
Risk/Reward= 1:1.2 | 1:2.2 | 1:3.2
Expected Profit= +21.06% | +38.66% | +56.28%
Possible Loss= -17.62%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 3-4 days
Tags: #GMT #GMTUSDT #STEPN #Web3 #NFT #M2E #Metaverse #Social #Gaming #GST #BinanceLaunchpad #BSC #SolEco
Website: stepn.com/
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Risk/Reward= 1:1.2 | 1:2.2 | 1:3.2
Expected Profit= +21.06% | +38.66% | +56.28%
Possible Loss= -17.62%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 3-4 days
Tags: #GMT #GMTUSDT #STEPN #Web3 #NFT #M2E #Metaverse #Social #Gaming #GST #BinanceLaunchpad #BSC #SolEco
Website: stepn.com/
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Trade closed: target reached
TP1 reached with +21.06% (2x) and +1.2R🎯GreenMetaverseToken pulled back up retesting triangle and filling all entries then retraced down as forecast!
Now bouncing on 100EMA support but lower targets remain valid, SL adjusted to highest entry (3.5764) anyway.
Note
Squeezed between 50MA & 200MAGreenMetaverseToken regained support but lost it back and is facing a critical situation, let's stick to the plan!
Trade closed manually
Remaining position closed with -4.06% (2x) and -0.23RGreenMetaverseToken continued sideways until Coinbase announced listing then pumped.
We'll wait for another reversal pattern to enter back, in any case this is no place to buy since RSI is overbought again!
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