✅TS ❕ GMTUSD: resistance level✅✅GMT has reached the resistance level. The price has formed several peaks. Now the price has already turned down and we can expect a continuation of the fall. ✅
🚀 SELL scenario: short to 0.94.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GMTUSDT trade ideas
GMT / USDT✅We are providing an analysis with the specific period of time. Pay attention to the expiration date.
📌Stay faithful to the Stop-Limit at all times.
The price fluctuation near a supply zone has been prolonged and there is a high probability that the Bart pattern will be confirmed at the same time as the uptrend is broken, that's why this setup can be suitable.
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GMT/USDT - Accumulating a solid rounding baseSTEPN (GMT) is a fascinating play-to-earn project where you can earn tokens by walking or running. If you want to play, you must purchase special NFT shoes in their marketplace. It's a fascinating project; definitely check it out .
At its peak, the app had around 700,000 users . This has collapsed since the bear market started, but the project already showed solid potential for the future.
There is no fundamental news to drive the price higher (at least not that I know of). The trade is solely based on price action. I also like the trade idea because there is very little risk involved. The stock markets have climbed significantly, and I believe they are due for a correction ; they would then most likely drag crypto down with it. Therefore, I was looking for a trade with sound risk/reward features.
So, as I indicated on the chart, GMT climbed over its 50-day simple moving average while also creating a solid rounding base . The token already started climbing towards the potential entry point (purple line). I suggest setting the stop loss at the same place as the entry or a few cents below that level. There is a high chance of being whipsawed off of the trade, but that is the price to pay for a low-risk trade . The most desirable scenario is a strong breakout on volume where the price would not look back. The closest profit target I identified was 1.5$ (green line) but adjust it as you see fit. The green profit line would give us almost a 30% return .
Happy trading!
Best wishes,
Dollero Exchange
GMT 3rd time lucky🍀I have been stopped out 2 times in this play however I still find this chart interesting, ascending triangle formation with several attempts of breakout. Looks like there is some accumulation at this level and I believe Bitcoin and Ethereum could do one last leg up before correction. Very similar pattern played out in Shiba today and price rose around 40%
GMT - Awesome coin for spot, very bullish📈🔥GMT is sexy because:
⭐️ Market is bullish
⭐️ Accumulation is 77 days
⭐️ We are in the end of formation
⭐️ We trapped a lot of bears
⭐️ Had false breakout
⭐️ Formed local level
⭐️ Over VWAP
I already bought this coin on spot and expecting nice profit from it. Also, I will try to enter with small stoploss on futures when we will be near the trendline.
Remember to fix profit by parts!
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Ascending Triangle pattern on GMT/USDTHello guys, Today i saw a bullish Ascending triangle on STEPN and i thought it will be a good long setup.
first position is when the price hits trend line and goes to resistance area , open your long position between 0.9400 and 0.9600(you can open short position now from 0.9787 to trend line).
wait until the price hitting the Resistance area and close your position safely.
second position is after break out , open your short position at 1.0000 and close it after hitting the Support zone.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
GMT brief gain 💡🚀Hello 🐋
Based on the chart, after long time correction and range market, the price break the round number of the $1 to the upside ✔️
if
the price doesn't break the major support and the round number to the downside, we will see more gain 🚀👌
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
GMTUSDT Long Oppurtunity on Shorter Time FrameGMTUSDT Formed an Ascending triangle and broken upwards.
This is a bullish pattern that indicates a Short term impulsive move towards upside.
I have marked the potential targets and Invalidation Level.
Don't Risk more than 1% on any trade
These are just analysis for educational purposes, not a trade call.