👟Stepn(GMT) is a (so far) unique combination of a health and fitness app with play-to-earn mechanics.
To make money you need: 📱install the app. 👟 buy NFT sneakers. The more expensive the sneakers, the more money you make. 🏁run every day. Tokens are awarded for the kilometers you run.
Fundamentally, this is the first project of this kind (Move-to-Earn, M2E), that' s why it has gained so much hype.
📊But lets talk not only about fundamental but about techical analysis.Globally, we can see 2 accumulation zone. It seems to me that after the last consolidation, not all the big players🐳 realized their profits. The second consolidation is in a smaller range of $3.1-3.5. It is a local price movement, which helps to open additional positions. Consolidation is a price movement in the range, where it is quite easy for a large player🐳 to accumulate or distribute a position with the manipulations.
🎓I always teach you to wait for manipulation before you open a trade, so be careful when the price is testing the trend line. Volumes should rise. That means the big player🐳 has shown a willingness to buy and the price will continue to rise!
🎯I use previous pattern to show you that the history can repeat and we will see the ssame price movement by 70-80%. The target for the price is about $5-5.5 area. A strong signal for continued growth is that at a time when all cryptocurrencies are falling🔻, this altcoin continues its consolidation and even growth.
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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