GMTUSDT Potential Position
As observed on the chart, GMTUSDT on the hourly timeframe has a bullish RSI divergence and it is simultaneously showing weakness in its bearish trend. Its price is highly likely to move up until its CHOCH zone.
Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken, price could reverse its trend and continue the bullish movement.
Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken, price could reverse its trend and continue the bullish movement.
Trade closed: target reached
Trade closed: target reached
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.
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.