💎GMT has recently shown significant market dynamics. After a strong bounce from the demand area, GMT is now facing a key challenge at the resistance zone.
💎 A successful breakout above this resistance could pave the way for further upward movement, probability allowing GMT to reach our target supply area.
💎 However, if GMT fails to climb above the resistance and retreats back to the demand area, it may need to establish new momentum from there.
💎 A concerning scenario would unfold if GMT breaks below the demand area, indicating a continuation of the downward trend. This would signal bearish sentiment and could lead GMT back to the bottom support level, initiating a bearish season once again.
💎 A successful breakout above this resistance could pave the way for further upward movement, probability allowing GMT to reach our target supply area.
💎 However, if GMT fails to climb above the resistance and retreats back to the demand area, it may need to establish new momentum from there.
💎 A concerning scenario would unfold if GMT breaks below the demand area, indicating a continuation of the downward trend. This would signal bearish sentiment and could lead GMT back to the bottom support level, initiating a bearish season once again.
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
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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.