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GMT

Step'N Down with $GMTI have opened a short position on $GMT, this is a swing short positon. Much of GMT's tokens have been locked up, currently 83.79% of the token supply is locked and not in circulation. However, these tokens are subject to a linear unlock that began March 1st, 2023. The distribution is currently as follows: My avg entry as of right now is $0.433. I am looking to slowly DCA into a short position on GMT to increase my position as the market gives opportunity. UNLOCK DISTRIBUTION 3,387,097 GMTs Private Sale 1,219,355 GMT/Day ($483,846) Move and Earn 812,903 GMT/Day ($322,564) Team 580,645 GMT/Day ($230,403) Ecosystem/Treasury 580,645 GMT/Day ($230,403) Advisors 193,548 GMT/Day ($76,801) The private sale of GMT token was at $0.005 per token. I confirmed this with the Step'n team. That means investors who were in early in the project are currently up 7860%. My guesstimation is that they will begin to sell their tokens to capitalize on this incredible gain. This coupled with technical analysis and price action I think can set up a great short opportunity. Not to mention, each month the % unlocked increases dramatically. Over the next 7 years the tokens will continue to unlock≥ If GMT fails here at this breakout level of $0.4 I think we will accelerate back to $0.3. Failing this wedge to the downside as a fake breakout to the upside could play out.
Short
by DOpeTrades
4
GMT - Will The Bulls STEPN'' ? 👣Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GMT is retesting a previous major high so we will be looking for buy setups on lower timeframes. on H4: Right Chart GMT formed a trendline in red but it is not ready to go yet. 🏹 For the bulls to take over, we need a momentum candle close above the gray last swing high to buy. Meanwhile, until the buy is activated, GMT can still trade lower or even break the blue zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
GMTUSDT Daily S/R| VAL| PA Context| Range High Evening Traders, Today’s analysis – GMTUSDT- trading above a key support region where a rotation towards the range high is possible, Points to consider, - Price Action Impulsive - Bullish Retest Zone - VAL Support - Daily S/R Support - Range High Objective GMTUSDT’s immediate price action rejection from its POC and is now finding support at an area that is in confluence with the VAL, Range Low and Daily S/R, allowing for a bullish bias. The immediate objective is the range high, exceeding this level will mean a larger trend continuation. Overall, in my opinion, GMTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Long
by AzizKhanZamani
3