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GMTUSDTPERP

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. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
30
GMT BREAKOUT WITH RISING OPEN INTERESTJust a quick idea of the kind of trades I like to take. I have a strategy system implemented in python that basically what it does is scanning the market to look for the following (example using Binance Futures): 1- Price moves in a tight range for some time (hours) with rising open interest and low volume. 2- Then, the price breakouts (up or down) with increasing open interest and abnormal volume. We want to see the price breaking out with conviction, and to spend time outside of the consolidation range (it can be from 5 hours to several days) 3- Then, we can now presume that the majority of the long positions that have entered in the range are potential trapped longs and the shorts where right. The majority of the shorts that have entered in that range will also defend their position and longs might close in BE if the price returns to that zone. So we know take an step forward and put our limit buy/sell order (limit sell if the breakout was to the down and limit buy if the breakout was upside move). We want to enter in the direction of the trend. We are not guaranteed the trade will take place, of course. But we have the probabilities to win in our favor. If the price for some reason returns back to the initial point where the first move took place most probably it will be hardly rejected again in the direction of the initial breakout. Important notes: - This kind of trade require to take at least a Risk Reward Ratio of 2, 2.5 or more. If your RRR is near 1 (risk 1 to won 1) the strategy is not as profitable. - Real breakouts takes time to form. So please, do not look for this in 5 minute time-frames. Please use at least 1H candles or more. - The open interest for each ticker can be also added to the same chart in a new price scale. If you are seeing the ticker 'BTCUSDTPERP' (Binance Futures) the open interest will be 'BTCUSDTPERP_OI'. If you liked it, please like and comment. Happy Trading! Rodrigo
Short
by rodrigo.aprieto
#GMT/USDT RE_ENTRY !!Hello, dear traders welcome you to this GMT /USDT 4hr chart analysis. I have tried my best to bring the best possible outcome in this chart. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As we can see from the above-mentioned chart that GMT /USDT is printing an inverse head and shoulder-like pattern which can happen. If a triangle pattern creates and retests the green zone and then we can take a long entry:-$1.50,$1.56. GMT has a resistance zone between $2.21-$2.20 which is the longest and strong resistance zone. and stoploss:-$1.40 If we take an entry at the neckline level of an inverse head and shoulder pattern then we can gain almost 50% to the resistance level and if it breaks the resistance then more % will add. We will keep updating you. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
Long
by CryptoSanders9563