GMTUSDT possible breakout to the previous zone with further move
On the 15-minute timeframe, the instrument shows a halt in the downward local trend, with high volumes at the lows indicating buyer interest. An attempt to set a new low was unsuccessful as the price returned to the old range, gathering liquidity at the previous lows, resulting in multiple touches on the long breakout. The price is now trading below it, creating an entry opportunity for a long position.
We expect an impulse breakout by triggering stop orders above the highs to remove the liquidity
We expect an impulse breakout by triggering stop orders above the highs to remove the liquidity
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