GMTUSDT
GMTUSDT 12H The main thing is to sell Stepn GMT on timeToday we will consider the GMTUSDT trading pair
We will say right away that we did not take actions in the euphoria of buying sneakers, so our thoughts below will be as neutral as possible.
We are used to making money on short-, medium- and long-term trading speculations, based on what we see on the graph and without reference to the marketing of the crypto project.
At least the first wave of hype surrounding the release of sneakers has ended, and now the GMTUSD price chart is undergoing a correction with hints of an upward reversal.
Another pamp STEPN token is completely possible , because currently only 10% of the planned volume is circulating on the market.
As cruel as it may sound, in order to sell off the remaining planned huge amount of GMT to the "crypto people" - you need to organize growth and large trade volumes, but this is a long and expensive process...
For the coming month, we consider one of two scenarios to be the most realistic for GMTUSDT price:
1) Growth from the current price of $0.84 to the liquidity zone of $1.58-1.73
2) continuation of the correction to $0.7, from where the growth in the liquidity zone $1.58-1.73
In the liquidity zone $1.58-1.73, we would advise selling off at least part of the GMT and free up capital for reinvestment in other assets.
As can be seen from the trading history of the GMTUSDT pair, during the fall in May 2022, sellers actively sold out twice in this zone. Therefore, for the next month, it is not believed that buyers will be able to pass this zone up the first time.
And you can also place a pending order to buy GMT at $0.42 in case of a super-strong downpour of the crypto market.
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GMTUSDT 1D CUP AND HANDLE FORMATIONHi
If market gets a bounce gmt will be one of the first coin that will make good short time profit.
There is a cup and handle formation on 1 day chart with a possible target of 1.4$
If retrace targets are 0.97 -0.94 and 0.84 and if hits 0.84 i think it will hold and a new bounce near to 1$ can be on the way
For gmt short to mid term will be around 1$ but long term i think 2-3$ will be price consolidation area.
These are just my amateur ideas. Don't take as a financial advice and do your own researcch please
📊GMT: are the runners return? 2 targets for long!Hi friends! GMT is looking bullish, isn`t it?
STEPN follow my previous bullish scenario! Now we see the continuation of this movements! 🚩Check it!
The price make a deep pullbach and trapped long traders which open longs at new local highs. It`s the first precondition for the next growth.
Additionally, GMT returns fast to the huge value area which was strong resistance and start squeeze below it. It`s additional bullish signal of bull strength.
Remember about short traders who awere goin to short GMT to 0. They are all trapped now and can become the fuel for next pumps.
Also i can add 2 targets:
🔶 $1.10 - key level
🔶 $1.34-1.44 - value area
All this growth possible because of the BTC growth and it`s correlation with SnP500 whick is also have local recovery after dump.
💻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 brief gain 💡🚀Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the major support, the green trend line and breaks the red trend line to the upside ✔️
if
the price doesn't break the support level (our green trend line and our round number$1) to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
if
the price breaks the round number to the upside, we will see more gain 📖🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
3 scenarios on GMTUSDT PairGMTUSDT price is currently ranging within a LH and LL formed from the downtrend acting as minor support and resistance, I'll be waiting for a break below or above this range before I take my next position.
The range is also a good position for leveraged trading.
Not an Investment advice, Please also do your analysis before taking a trade. Trade Safe #ibn
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📄🖌
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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
Sounds like an uptrend, doesn't it? GMTUSDTHi, I hope today is a lucrative day for all of us (:
The momentum of the uptrend is strong. I do not have a signal for a strong downtrend, I think the price will react to one of the ranges ($ 0.88684 or $ 0.75182).
We have to wait to see if the blue range is lost or not, if the range is maintained a buy deal can be made.
Do not forget the loss limit.
It would be great if you could share your thoughts with us.