GMT BOOM
🔑 Key Levels:
Support:
0.16330 USDT – the nearest point for a retest.
0.16000 USDT – the main line of defense for buyers.
Resistance:
0.16425 USDT – the current zone that needs to be breached.
0.16643 USDT – the first target after a breakout.
0.16986 USDT – the final target for the long position.
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🚩 Trading Strategy:
Entry Point:
- Consider going long after a confident breakout above 0.16425 USDT, confirmed by volume.
Stop-Loss:
- Place your stop below 0.12100 USDT to minimize risks.
Take-Profit Targets:
0.2643 USDT – the first target where partial profits can be taken.
0.16986 USDT – the final target if the momentum continues.
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📈 Technical Analysis:
The ascending triangle signals growing strength among buyers.
Volume is increasing near the resistance zone, confirming bullish activity.
A retest of 0.16425 USDT before the breakout presents an excellent entry opportunity.
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💡 What to Expect?
If the 0.16425 USDT level is broken, we have every chance of seeing a strong upward move. However, if bears maintain their resistance, a pullback to support at 0.16000 USDT is likely. What’s your take? Share your ideas — collective wisdom always wins! 🚀
Support:
0.16330 USDT – the nearest point for a retest.
0.16000 USDT – the main line of defense for buyers.
Resistance:
0.16425 USDT – the current zone that needs to be breached.
0.16643 USDT – the first target after a breakout.
0.16986 USDT – the final target for the long position.
---
🚩 Trading Strategy:
Entry Point:
- Consider going long after a confident breakout above 0.16425 USDT, confirmed by volume.
Stop-Loss:
- Place your stop below 0.12100 USDT to minimize risks.
Take-Profit Targets:
0.2643 USDT – the first target where partial profits can be taken.
0.16986 USDT – the final target if the momentum continues.
---
📈 Technical Analysis:
The ascending triangle signals growing strength among buyers.
Volume is increasing near the resistance zone, confirming bullish activity.
A retest of 0.16425 USDT before the breakout presents an excellent entry opportunity.
---
💡 What to Expect?
If the 0.16425 USDT level is broken, we have every chance of seeing a strong upward move. However, if bears maintain their resistance, a pullback to support at 0.16000 USDT is likely. What’s your take? Share your ideas — collective wisdom always wins! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.