Rare pattern on GMT! Ready?🚀GMT is consolidating in triangle. Do you know how this pattern work in crypto? First of all the price make a false breakout of one side than return inside the triangle and start to move in opposite direction.
📊Keep in mind this pattern because it happen really often in crypto trading and can increase your profitability.
Check the previous idea where the price move according to my scenario. Read the preconditions to understand why it happen.
Now we can confirm✅ the purchases of GMT by the whales using volume indicator. The volumes always growth at the bottom and after the breakout of lower boundary indicator have to confirm it one more time.
🚩The value area of $0.77-0.85 should become the support for the GMT.
📊Preconditions to open a long:
🔥false breakout of the triangle
🔥volume growth at a local bottom
🔥squeeze to the top boundary
🔥bullish BTC help reach the targets faster
The targets:
🔶 $1.10 - key level
🔶 $1.34-1.44 - value and reistance area
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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_F4FB46 trade ideas
GMT ANALYSIS GMT GOING TO HIT 1.05 TO 1.19GMT IS ON THE WAY TOWARDS 1.19 WITH STRONG RESISTANCE AT 0.943 , 1H CANDLE CLOSE ABOVE THAT AND GMT WILL HIT 1.05 , on rejection from 0.943 gmt will test its support around 0.888 and then will bounce back from this zone towards 1.05 open a long scalp either from 0.888 or on breakout from 0.943
GMT - Biggest ponzi in crypto is slowly dyingReasons to take short:
⭐️ Trendline is 24 days old
⭐️ Trendline is clean
⭐️ Pullbacks are getting smaller
⭐️ Slowly squeezing to the trendline
⭐️ 7th touch
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
GMT possible bullish scenario📈BINANCE:GMTUSDTPERP
GMTUSDT has been trading in a an ascending triangle pattern for some time now, showing good resistance on at the 1.0564-1.0275 price mark and has now formed a reliable support on the marked 0.8351-0.8253 zone. Hoping to see a mild bullish turnover here, trade with caution😬❗.
GMTUSDT Potential PositionAs observed on the chart, GMTUSDT on the hourly timeframe has a bullish RSI divergence and it is simultaneously showing weakness in its bearish trend. Its price is highly likely to move up until its CHOCH zone.
Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken, price could reverse its trend and continue the bullish movement.
GMTUSDT 4HSubscribe to the channel for more new information about trading✅
Hello everyone
Let's analyze the GMT chart of the main coin of the STEPN project
The chart showed a downward channel with a downward trend line, the asset is now in a downward local trend.
I expect that the price will retest the local trend line for a breakout.
Placed an order to buy in long from the lower border of the channel ($0.83675 zone)
BTCUSDT Waiting for long?Subscribe to the channel for more new information about trading✅
Hello everyone
The formation of an ascending bullish wedge is on the chart, the pattern is reversed.
I am waiting for another confirmation of the lower border, after which I consider opening a position in long.
The RSI indicator is also in the overbought zone, I expect an upward movement to the $20.910 zone in the near future, this will be the first take, the second take will be a breakdown of the upper border of the $22.530 wedge
All successful transactions and don't forget to move your stop in used
GMT - Potential Long - 1hr - Binance for BINANCE:GMTUSDTPERPTrading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: LONG
Entry: 0.85008 (DCA trade)
Stop Loss: 1:1 or last local low is passed
Take Profit Targets: 0.87275,0.91128,0.93737
Comments: move stop loss to break even once target 1 is hit. DCA entries below if stop loss is hit.
GMT | Possible cup with handle patternAs you can see, GMT after a very hard drop is trying to recover and appears to be inside this triangle where a cup with handle pattern is visible. If it holds the critical 0.83 level and bitcoin fails to drop below the local bottom, we could see GMT break this triangle up and point towards $1.50 again.
GMTUSDT 12H The main thing is to sell Stepn GMT on timeToday we will consider the GMTUSDT trading pair
We will say right away that we did not take actions in the euphoria of buying sneakers, so our thoughts below will be as neutral as possible.
We are used to making money on short-, medium- and long-term trading speculations, based on what we see on the graph and without reference to the marketing of the crypto project.
At least the first wave of hype surrounding the release of sneakers has ended, and now the GMTUSD price chart is undergoing a correction with hints of an upward reversal.
Another pamp STEPN token is completely possible , because currently only 10% of the planned volume is circulating on the market.
As cruel as it may sound, in order to sell off the remaining planned huge amount of GMT to the "crypto people" - you need to organize growth and large trade volumes, but this is a long and expensive process...
For the coming month, we consider one of two scenarios to be the most realistic for GMTUSDT price:
1) Growth from the current price of $0.84 to the liquidity zone of $1.58-1.73
2) continuation of the correction to $0.7, from where the growth in the liquidity zone $1.58-1.73
In the liquidity zone $1.58-1.73, we would advise selling off at least part of the GMT and free up capital for reinvestment in other assets.
As can be seen from the trading history of the GMTUSDT pair, during the fall in May 2022, sellers actively sold out twice in this zone. Therefore, for the next month, it is not believed that buyers will be able to pass this zone up the first time.
And you can also place a pending order to buy GMT at $0.42 in case of a super-strong downpour of the crypto market.
_______________________________
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GMTUSDT LONGSTEPN price today is $1.03 with a 24-hour trading volume of $262,267,282. GMT price is up 4.4% in the last 24 hours. It has a circulating supply of 600 Million GMT coins and a total supply of 6 Billion. If you are looking to buy or sell STEPN, Digifinex is currently the most active exchange.
GMTUSDT 1D CUP AND HANDLE FORMATIONHi
If market gets a bounce gmt will be one of the first coin that will make good short time profit.
There is a cup and handle formation on 1 day chart with a possible target of 1.4$
If retrace targets are 0.97 -0.94 and 0.84 and if hits 0.84 i think it will hold and a new bounce near to 1$ can be on the way
For gmt short to mid term will be around 1$ but long term i think 2-3$ will be price consolidation area.
These are just my amateur ideas. Don't take as a financial advice and do your own researcch please
🔥 GMT Inverse Head & Shoulders: Bullish Break OutLike most alts, GMT has been trading relatively bullish over the last few weeks. During this period, an inverse head & shoulders pattern has emerged on the chart.
As of now, GMT is on the verge of breaking out though the neck-line. Classically, this could indicate that a strong volatile move is coming. If we can close the day above $1 I think that the likeliness of this pattern playing out bullish will increase by a lot.
Targets placed at recent tops in blue.