GMTUSDT_F4FB46 trade ideas
One more chance to buy GMT🚩cheaperGMT is going to test the bottom trendline for the 4th time which is not good for long traders because support become weaker with each test. So the break down is really possible but what is good in current situation?
📊 I think that after the break down the GMT return above the trendline so fast because:
1️⃣ the crypto is to close to market bottom and a lot of retail traders already sell thair crypto and proce can`t fall lwer if no one sold cheaper and cheaper.
2️⃣ the whales will have enough liquidity to collect if price break the trendline down and collect the sl. The whales buy enough GMT to their longs and will be ready to sell their crypto higher and higher.
📊 Preconditions to open a long:
🔥 false breakout (return the price above the trendline)
🔥 volume growth - confirms the whales purchase
🔥 bullish BTC help reach the targets for GMT much faster
🚩After this the price can squeeze to the local trendline and we can open our longs✅on it`s breakout or during the test of the trendline as support. In any case i will show you it in the next ideas.
The targets:
1️⃣ $1.16 - key level, local highs
2️⃣ $1.35-1.44 - value area, strong resistance
🚩 Friends, what is your scenario for this altcoin and BTC? Write in the comments!
💻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.
GMTUSDT |Evening review| march to local resistanceHello everyone, I wrote a new idea for you. Thank you😉
From this coin, I expect that after the price of the protest again predicts the trend line, we can expect a trial pattern of resistance, followed by price fixing with consolidation.
In the $1.16 zone, I will use it both for purchases.
GMT bear trap🧸💀I personally got stopped out when I bought GMT at the support, I bought too early and was forced to sell, smart money took my SL so they could hunt my liquidity, for that reason is best to wait for this traps to happen. After this bear trap I think there is more chances for price to break up that key level however we need to wait for confirmation like a powerful breakout and successful retest as support of that broken level, we can expect bullish engulfment, or a bullish hammer candlestick pattern to confirm support has been found. I wont rush this time and I will wait in case smart money wants to trap the bulls in order to place their sell positions and dump the price in other words: false breakout.
STEPN Analysis , GMT Update 📈📉Hello traders, what's going on today ?!
Since 28 May 2022, that I posted the last analysis
for GMTUSDT , STEPN has been trading in sideway and range zone , also as I expected it reject by higher red zone and lost the pivot zone for a while but rebounced back up one the positive divergence revealed (OBV and WMACD). (more than 50%💰 (1x)short).
SO today as you see in the Daily timeframe for gmtusdt , it seems after a long consolidation phase its ready to jumps over pivot zone ! so in this case you can take short position on the higher key resistance zone with a proper stop-loss!
anyway you also should consider any bearish scenario for gmt , thus although it can rise it short-term , but in my opinion it will correct more in the long-term perspective, so if it losses the curent pivot zone , in this case it may settle on the lower support and demand zone
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
GMT/USDT SHORT SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this GMT/USDT trade setup.
GMT looks good here for short. Breaks down from the head and shoulder pattern and currently trying to retest the neckline. Open a short position here and add more to the upside.
Entry range:- $0.89-$0.91
Target1:- $0.86
Target2:- $0.82
Target3:- $0.78
Target4:- $0.74
SL:- $0.94
Use leverage 5x-10x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
How to avoid✅the BULL trap and make a profit on GMT❓GMT is exit🔻the massive value area of $0.9-1.09 which was the support for the price. Now this value area become a resistance and GMT need to accumulate enough power✅to break it and grow higher.
GMT need to make a pullback to trap the long traders (bulls) and collect all the liquidity of retailers.
📊Preconditions to open a long:
🔥the false breakout of the key level $0.8035. The price start to pump if whales collect enough liquidity to open their longs. Additionally, there is the $0.8-0,82 value area which will be support for the price. So the rebounce is highly possible.
🔥the volume growth - confirmation ✅ of the whales` huge purchases
🔥bullish BTC help reach the targets for GMT
🚩After the false breakout the price start to squeeze to the trendline so it will be the good chance to open a trade with clear sl and tp.
The targets:
1️⃣ $1.165 - key level
2️⃣ $1.35-1.426 - value area
💻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.
GMT inside ascending triangle🔺We can see the price of GMT has created an ascending triangle, I decided to enter a long position on the trendline support. We have tried to breakout this triangle which ended on a bull trap and if price manages to breakout again and close above I think we could move towards higher resistance levels.
GMTUSDT SHARK IN PLAYhark
The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA.
Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.