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GMTUSDT

GMT: is it a new x100 coin? Stop fooling yourself!Stepn (GMT) is a new game-fi project, which immediately attracted the attention of traders and investors. Its total capitalization is $1.6 billion. On the chart we see 2 accumulation zones: 1. $0.62-0.85. 2. $2.05-$2.9. After the first accumulation GMT rose by 264% after the breakdown of the accumulation zone. Now it is in a similar situation. Accumulation has continued for more than 2 weeks. If we use classic technical analysis, we should see a repeat of the 230-250% rise to $10-12. The price can go even higher. We've all seen Solana go up by 10,000%! But I will share with you an alternative point of view. 2.92-3.30$ is the strongest resistance zone for the price: 1. ATH is an important key level 2. a possible trap for retail traders who will buy on a breakout of second accumulation zone After a false breakout of second zone, price could pullback under the accumulation zone, liquidating and collecting long traders' stop-lossed. After such massive liquidations, a LONG trade can be opened with better risk to reward (RR). While I was making this idea, GMT rose by 10%, so let's check our TWO hypothesis. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
24
GMT takes a breath after large price increaseHello everyone, let's look at the GMT chart to USDT on the 4h interval. As you can see, the price moves above the local growth trend line designated with a blue line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 3.41, if the support will be broken, the next it is $ 3.14 at 2,93 $ and 2,71 $. Now let's move from the resistance line, as you can see, the first resistance is 3.83 $ = 1.618Fib Retracement from which the price has just bounced if you manage to break it, the next resistance can be determined in the area of 4.96 $. Looking at the Chop indicator, we see that in the 4-hour interval, most energy has been exhausted. It is possible that we will have to wait for the next move until energy is collected.
by cryptodailyuk
2