GMT
GMT - TARGETS AND STOPLOSS 4HHello everyone, let's take a look at the 4H GMT to USDT chart as you can see the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.8455
T2 - $ 0.8956
T3 - $ 0.9363
T4 - $ 0.9802
and
T5 - $ 1.0342
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.7665
SL2 - $ 0.6708
and
SL3 - $ 0.54987
Looking at the CHOP indicator, we can see that in the 4H range the energy is depleted and the MACD indicator shows a downward trend.
GMT - Running it down💪📉Reasons to take short:
⭐️ Today BTC futures exprire, I expect trend reversal for BTC
⭐️ Trendline 8 days long
⭐️ Trendline is clean
⭐️ Price slowly approaching the trendline
⭐️ 5th touch
⭐️ 45 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
GMTUSDT (STEPN) Daily tf Range Updated till 26-06-22GMTUSDT (STEPN) Daily timeframe range. good thing it didn't brokeout of its low like many others. which is a good rep at this condition of the market. alltho it dropped 86% from its top, pretty much the holders from top are rekt now totally depending on luck and developers how they improve it. it do have a close up range for swing positions. and decent amount of quality holders and buyers interest which helped it to follow-up those range spaces.
GMT - Short Term - back to supportAs we can see GMT go up strongly with a 52% profit from local bottom. Now is facing a key level at 0.82 and make a fakeout above this level. Also RSI is very high and likely it could go down to consolidate and then try another time to break up. There is a bearish signal from RSI, infact price go up while RSI going down in 1H.
🚀GMT: runners, are you here? Is it a time to BUY?Despite the decline of GMT hype, enough buyers can be seen in the volume indicator. The growth of volume bars shows that the big players are still buying. Indeed, if you are a big player, you don't always make money, but we can see the signs of interest now. Will the project be able to surprise traders once again and achieve the goals I will talk about in this idea?
The price return to the previous lows and the key level of $0.81. It`s almost +44%. GMT make the false breakout of the key level but after few hours return above the level. As you know, false breakout is the strong pattern but in this case price show the bullish signs and it`s good for the long traders.
Additionally, the price test the global trendline as a support which is also confirm my thoughts.
📊The closest resistance area is a $0.92-1.06 value are. I think we have to test it and make a pullback for 10-15% to trap the long traders. After this we can open a long with better RR and use trendline breakout as it`s shown ont he chart.
🚩Targets:
🔶1. $0.92-1.06 - closest value area
🔶2. $1.16-20 - value area and mid-term target. GMT can reach this target if BRC helps altcoin and start to rise to $24-25k.
What should we expect from the project? Will it ever return to its highs or can we no longer hope for growth? Write about it in the comments!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GMT STEPN: Not a Great Time to BuyGMT STEPN has Resistance at 0,83 cents.
This is the same level that made is HUGE amounts of profit on leveraged Longs just a few weeks ago as support, in 2 occasions: (check ideas below).
I like STEPN but my chart says ''wait, there are better opportunities right now'
Will make a video soon and explain how to see and use these kind of awesome levels!
One Love,
the FXPROFESSOR
STEPN (GMT)-USDTGreetings,
looking at this chart, it's just wow. The creators and marketers of this project, you have to hand it to them. Two months of 50k% growth is something...53rd place in the CMC...
Technically we have an upward wedge, the price is testing its support at the moment. Let me remind newcomers that the rising wedge is a bearish pattern, and according to statistics it speaks about an approaching trend reversal. The double top is also not a good sign for the continuation of growth. A correction is needed. Possible scenarios: a smooth decline to the first support zone is the trading around the past resistance in the area of $2-2.4, the next support is a zone of $0.8 and from this zone again can expect a real reversal. By the way, the formation of the third top and putting the passengers back into the longs is also relevant.
Possible points on the short from a zone of 3,8-4$ at false breakdown of this zone and consolidation under it. Or at breakdown of a current support zone of $3-3.15.
Longs if you're not a speculator, but more of an investor, I would not consider earlier than at a price in the area of $0.8-1, which will be a correction of about 80% of the highs.
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Always use STOP, and do not use leverage greater than x3.
A trader should always have tomorrow.