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GMT / TetherUS
Long

GMT bottom is in?

By evasivesteering
Updated

I have been tracking the movement of GMT and JASMY for some months and noticed that GMT tend to follow the YASMY's pattern. To illustrate this idea, the both charts are shown for better comparison.

I have started accumulating GMT around the current weekly support level. As long as this support holds, I do not plan to sell. My invalidation condition is a weekly candle closing below $0.125, which represents a 20% dip from the current price. My target price for GMT is $0.16, which would be a x4 increase from the current price.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Note
Update from the project: See information in comment of johny173. Remember to DYOR
Support and Resistance
evasivesteering
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