GMTUSDT 12H The main thing is to sell Stepn GMT on time
Today we will consider the GMTUSDT trading pair
We will say right away that we did not take actions in the euphoria of buying sneakers, so our thoughts below will be as neutral as possible.
We are used to making money on short-, medium- and long-term trading speculations, based on what we see on the graph and without reference to the marketing of the crypto project.
At least the first wave of hype surrounding the release of sneakers has ended, and now the GMTUSD price chart is undergoing a correction with hints of an upward reversal.
Another pamp STEPN token is completely possible, because currently only 10% of the planned volume is circulating on the market.
As cruel as it may sound, in order to sell off the remaining planned huge amount of GMT to the "crypto people" - you need to organize growth and large trade volumes, but this is a long and expensive process...
For the coming month, we consider one of two scenarios to be the most realistic for GMTUSDT price:
1) Growth from the current price of $0.84 to the liquidity zone of $1.58-1.73
2) continuation of the correction to $0.7, from where the growth in the liquidity zone $1.58-1.73
In the liquidity zone $1.58-1.73, we would advise selling off at least part of the GMT and free up capital for reinvestment in other assets.
As can be seen from the trading history of the GMTUSDT pair, during the fall in May 2022, sellers actively sold out twice in this zone. Therefore, for the next month, it is not believed that buyers will be able to pass this zone up the first time.
And you can also place a pending order to buy GMT at $0.42 in case of a super-strong downpour of the crypto market.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
We will say right away that we did not take actions in the euphoria of buying sneakers, so our thoughts below will be as neutral as possible.
We are used to making money on short-, medium- and long-term trading speculations, based on what we see on the graph and without reference to the marketing of the crypto project.
At least the first wave of hype surrounding the release of sneakers has ended, and now the GMTUSD price chart is undergoing a correction with hints of an upward reversal.
Another pamp STEPN token is completely possible, because currently only 10% of the planned volume is circulating on the market.
As cruel as it may sound, in order to sell off the remaining planned huge amount of GMT to the "crypto people" - you need to organize growth and large trade volumes, but this is a long and expensive process...
For the coming month, we consider one of two scenarios to be the most realistic for GMTUSDT price:
1) Growth from the current price of $0.84 to the liquidity zone of $1.58-1.73
2) continuation of the correction to $0.7, from where the growth in the liquidity zone $1.58-1.73
In the liquidity zone $1.58-1.73, we would advise selling off at least part of the GMT and free up capital for reinvestment in other assets.
As can be seen from the trading history of the GMTUSDT pair, during the fall in May 2022, sellers actively sold out twice in this zone. Therefore, for the next month, it is not believed that buyers will be able to pass this zone up the first time.
And you can also place a pending order to buy GMT at $0.42 in case of a super-strong downpour of the crypto market.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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