Hello Dear Traders,
This chart on **GME/USDT** uses the **Jinny Gann Ar** tool, designed specifically for Gann-based trading strategies. For those unfamiliar with Gann, it involves using angles and levels from the **Square of 9** to predict market turning points. Let’s dive into what the chart is telling us!
### Key Levels to Watch:
- **0° = 0.001831**: This is a strong support level. If the price retraces to this point, it's a significant area to watch for a bounce.
- **45° = 0.00257**: Another important support zone. It could act as a secondary support before reaching lower levels.
- **90° = 0.003434**: The current resistance level where price action is hovering. A break above could lead to more bullish momentum.
- **135° = 0.004423**: A potential breakout level. If the price clears this, it indicates a stronger bullish movement.
- **225° = 0.006776**: A mid-level resistance to note, signaling a possible correction if reached.
- **360° = 0.011243**: We are expecting this level to act as a major top for the next wave of bullish momentum. This would be a crucial area to consider for taking profits if price climbs this high.
### What Could Happen Next?
The price is hovering near the **90° level** at the moment, and if the current resistance is broken, we could see it head toward **135°** and **225°**. The ultimate target is the **360° level** at **0.011243**, where a significant top is expected.
However, be cautious of a pullback toward **45°** or **0°**, which would be ideal buying opportunities for bullish traders looking to enter at key support zones.
### Why Use Jinny Gann Ar?
**Jinny Gann Ar** is a specialized Gann tool I’ve developed to help traders plot Gann’s key levels automatically. This allows for more precise trading strategies that follow the Gann methodology without having to manually plot angles and levels.
**Jinny Gann Ar** is especially useful for those who want a deeper understanding of price action through the lens of Gann’s historical techniques. The tool provides a clear, structured approach to predicting market movements based on time, price, and geometry.
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This analysis provides a detailed look at what the GME/USDT chart is telling us using **Jinny Gann Ar**. We’re expecting a potential top at the **360°** level, but traders should keep an eye on key support and resistance levels along the way. If you haven’t already, try using **Jinny Gann Ar** to enhance your Gann-based trading strategies!