GMTUSDT trade ideas
GMT - how fast can the bulls run?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After the bears broke the last low in gray , GMT has been overall bearish making lower lows and lower highs.
Last week, GMT rejected the 1.0 round number and demand zone, however, we are not bullish yet.
For the bulls to take over, we need a break above the previous high AND above the 2.0 zone acting as a resistance.
Once we have this break (projection in purple) then we will be looking for buy setups on the 2.0 zone retest.
Meanwhile, the bears can still reject the 2.0 zone for another bearish impulse movement till around the green demand zone.
In this case, we will be looking for buy setups on lower timeframes as price approaches the 0.75 - 1.0 zone
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TS ❕ GMTUSD: near the supportGMT is consolidating near the support level. I expect a rebound up to the resistance level.
BUY scenario: long to 1.74.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GMT IS AT AN IMPORTANT LEVEL, WHAT NEXTGMT is currently kissing a resistance trendline.
There are 2 possibilities from here.
1. Break above the TL and start running to the NORTH.
2. The TL will act as resistance and drive it to the SOUTH.
Caution is a virtue trading the market this period.
PLEASE,
Kindly like, comment, FOLLow and share your thoughts
STEPN GMT/USDT Path Towards $1 Activated!STEPN (GMT) price appears to have chosen the next price movement which is woefully pretty negative. The market sentiments are not in favour of any upward trajectory. Therefore, more blood bath may be expected in the upcoming couple of days.
Considering the GMT price, the price could soon break out of the symmetric consolidation and tank down squeezing another 25% in the upcoming days. The market again fell into bearish well fuelled by Bitcoin prices tanking below $30,000. Therefore, no prominent possibilities a rebound may be expected for the GMT price as the volume has depleted.
Therefore, possibilities of GMT price dropping below $1 support zone emerges.
GMT 1H - Head and Shoulder in playAs we can see price make a fake breakout of the resistance line and now is expected a retrace to the ascending trendline to complete the right shoulder .
Also price hit the RSI overbought line and can retrace from here to the buy zone.
If H&S will complete price can pump higher
GMTUSDT Short ScenarioMarket overall formed a downtrend, and on a 1h timeframe we can see a correction upwards, but recently market broke its higher lows sequence, went above the point of structure break, we are waiting for market to fall down to 1.44 zone which is where it broke a structure and we forecast it will continue falling down.
Entry: 1.44 (Or now for better R/R but more risk)
Invalidation: 1.65535
Target: 0.92347
✅Is GMT ready to PUMP? Long after the false breakout! 📈Stepn (GMT) is now in a triangle and according to technical analysis should break up. But will it really do that? In this idea I will explain to you where you can open a long with the highest probability of success.
✅Why is a long more possible? After bouncing back from the bottom by 100%, retail traders have started to accumulate altcoin in a triangle. On a local manipulation and a break down, a large number of GMT will sell off and a big player will accumulate enough position for a Long. Do you want to be like a big player?
🎯The targets:
1. $1.86-2 - value area, round number
2. $2.61-2.8 - value area
📊What do you need to pay attention to?
🔶The volume indicator will help you understand if a big player bought on this manipulation. The volumes should increase!
🔶Keep an eye on Bitcoin. Altcoins very often repeat its movements, so if there will be such a manipulation on Bitcoin, then also on GMT.
💻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.