GMT/USDT It Required Break the pattern for continue upward move!💎 GMT has certainly turned heads in the cryptocurrency market with its notable ascent. The token has recently surged, marked by a robust green candle, as it breached a critical supply level. Currently, GMT is forming a bullish pennant pattern and has entered a retesting phase at a demand zone that was previously a supply area.
💎 For the upward trend to persist, GMT needs to break out from this bullish pennant formation, probability could pave the way for a swift move toward the targeted supply zone and potentially into overbought conditions.
💎 However, there's a less favorable scenario to consider. Should GMT retreat to the demand zone and fail to hold it—effectively breaking down through this support—it could trigger a descent towards the next lower demand level at $0.159.
💎 This level represents a crucial opportunity for GMT to rally and attempt another breakout above the supply zone or to recover the previously lost area. Should GMT be unable to maintain the $0.159 level, it may signal a shift to a bearish trend, increasing the likelihood of GMT moving towards a more substantial support area.
GMTUSDT trade ideas
GMTUSDTGMTUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea?
$GMT Double bottom DeviationGMT looks like it could be putting in a major bottom here. On lower time frames theres a bullish dragon double bottoming under the range, which id expect to be a deviation.
Bulls need to recapture the range, and retest it as support and id begin to look for a major reversal here.
Above there id look for a break of .29 with potential for an extension to .47. The measured move would take you up into the supply zone around 60 cents.
Watch the levels, and critical retests, those will be the levels to lean on, only after a confirmation of that bias has been confirmed
GMT/USDT In the crucial zone, Need to break or Down is coming!💎 GMT has certainly piqued our interest. Currently, GMT is navigating within a descending channel pattern. Historically, GMT has shown a strong rebound upon touching the support trendline of this channel. It then surged upwards, only to face a stern rejection at the resistance level.
💎 Presently, GMT is making another attempt to surpass this local resistance. For potential buyers, it's prudent to await a confirmed breakout above this resistance to avoid potential false breakout.
💎 If GMT successfully breaches this resistance, it could pave the way for an upward trajectory towards the $0.1650 resistance mark. This particular zone is pivotal for GMT; a breakout here could signal a bullish momentum, propelling GMT towards the supply zone.
💎 On the downside, if GMT struggles to break the resistance and faces another rejection, it might retrace back to its key support level.
GMT On Fire: Don't Miss Out on This Buy Trade!"**Short Fondamental**
GMT is the governance token of STEPN, a move-to-earn mobile app that rewards users for walking, running, and jogging. Users can earn GST (Green Satoshi Token), which can be used to purchase in-game items or converted to fiat currency. GMT can be used to stake on the STEPN network, which gives holders voting rights and access to exclusive rewards.
**Recent News**
* On October 19, 2023, STEPN announced that it would be launching a new feature called "GMT Minting." This feature will allow users to mint GMT by staking their GST. The minting rate will be adjusted based on the supply and demand of GMT.
* On October 23, 2023, STEPN announced that it would be partnering with Binance to launch a new GMT trading pair. This will make it easier for users to buy and sell GMT.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
GMTUSDTHello snipers, nothing is impossible. In a one-day period, the price has approached the long-term downward trend line, in case of a breakout, it can create a buying position. It seems that a descending triangle pattern is also forming, which is a continuing pattern in the downward trend. If the support line breaks, we see the price falling to low supports. But according to rsi, the probability of breaking from above is higher. So, lie in wait and be ready to shoot. Maybe it will make a good deal. . All analyzes are only possibilities.
GMT/USDT 1 DAY TF Analysis: Bullish Momentum BuildsBINANCE:GMTUSDT
GMT/USDT Technical Analysis: Bullish Momentum Builds
GMT/USDT has been in a strong uptrend since early October 2023, with the price increasing by over 8% in this month.
Bullish Divergence
The RSI indicator is showing bullish divergence, which is a confirmation that the price is likely to move in an upward direction in the coming days.
Support
GMT/USDT has created a strong support level at the current price level. This is because the price has been trading above this level for the past 6 days. This suggests that there is strong buying pressure at this level, and that the price is unlikely to fall below this level in the near future.
Outlook
The outlook for GMT/USDT is bullish in the short to medium term. The uptrend is likely to continue, and the price could reach new highs in the coming weeks. However, it is important to note that the market is volatile, and there is always the possibility of a correction.
Traders may want to consider going long on GMT/USDT with a stop loss below the recent swing low.
Risk Management
It is important to note that all investments carry risk, and there is no guarantee of profit. It is important to do your own research before making any investment decisions, and to risk only what you can afford to lose.
Bullish on $GMT high probability setup 19R setupWe are below 6month low hence bulls are watchin.
We are at all time low.
There is obvious SSL at 87%FIb on 6month previous month wick ONLY
We have 3 month candle opening in a few hours.
We are at O.T.E and have made a confirmation pump and we hit 62% fin on the RIGHT HAND SIDE this is very powerful.
weekly bullish
daily bullish
(PLEASE ZOOM IN FOR DETAILS)
70% DUMP incoming - Great Opportunitytake a look at solona axie infinity Avax CTSI Sandbox
show me one coin didnt retrace the first wave at least to 0.618 or 0.786 FIB
so GMT got amazing and bright future
what we need?
we need to find a great entry for the wave 3
so keep ur cash till then
WEOOOO is here
remember I am bankrupted and I cant buy it as always
you guys enjoy the gains!!!!!