Evening Traders,
Today’s analysis – GMTUSDT- trading towards a clear support level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
- .618 Fibonacci Support
- Bullish Order Block
GMTUSDT’s immediate price action is coming close towards a support level that is in technical confliuenc with a Daily S/R and the .618 Fiboancci, allowing for a bullih bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a bullish continuation.
Overall, in my opinion, GMTUSDT is a Valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
Today’s analysis – GMTUSDT- trading towards a clear support level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
- .618 Fibonacci Support
- Bullish Order Block
GMTUSDT’s immediate price action is coming close towards a support level that is in technical confliuenc with a Daily S/R and the .618 Fiboancci, allowing for a bullih bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a bullish continuation.
Overall, in my opinion, GMTUSDT is a Valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
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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.
Unlock upto $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-2zypg
mexc.com/acquisition/custom-sign-up?shareCode=mexc-2zypg
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.