GMTUSDT trade ideas
GMT Sell Limit 😎✅😎✅😎✅Hi dear traders
GMT moving in flat channel.
We can see shooting star candel forming.
Now 0.4 is resistance, if price not breakout correctly, then possible go down to near 0.38 and retest this area as support
Wait ✋for false breakout completed.
We can open short position and take some profit 📈
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck
GMTUSDT is testing the key level!GMTUSDT is currently testing resistance after a clear breakout from the 4-hour resistance level. The price action suggests that the pair may need to create another breakout from the 0.4 area, where the market has a key level, in order to potentially trigger a new long opportunity for traders.
According to Plancton's Rules, if the price of GMTUSDT does manage to break out from the 0.4 area and continue its upward trend, this could indicate a potential new long opportunity for traders.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
GMTUSDT possible breakout to the previous zone with further moveOn the 15-minute timeframe, the instrument shows a halt in the downward local trend, with high volumes at the lows indicating buyer interest. An attempt to set a new low was unsuccessful as the price returned to the old range, gathering liquidity at the previous lows, resulting in multiple touches on the long breakout. The price is now trading below it, creating an entry opportunity for a long position.
We expect an impulse breakout by triggering stop orders above the highs to remove the liquidity