STEPN ($GMT): "Classic" or "Irregular" wave B ?Hi everyone!
As clearly shown on daily chart, the main trend is bearish, but at the same time, in mid term, some technical (bullish) rebound is possible which we can use as Trade.
From a technical point of view, $GMT is showing a corrective structure (ABC) which could develop with two scenarios: Wave B above the previous bottom , or irregular wave B, with a new low before triggering a new rally (bullish leg).
PREVIOUS ANALYSIS
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Stepn
$FITFI Still to move! Will it make number like other Altcoins???Bought $10k in Spot bags of $FITFI
Check chart for STOPLOSS and Potential Targets.
Worth the gamble for me as I had made a great amount of money on other altcoins pumping.
DYOR.
I have NO IDEA if FITFI is even still relevant, I just like the Chart, current market conditions and the Risk Reward ratio on this play.
Stepn ($GMT) : ...Bullish continuation in short term?Hi everyone!
Short-term technical structure is still very interesting and $GMT seems to still be projected to upside. After hitting our previous targets (see chart below), either before or after a corrective structure (or pullback), I expect to reach my next target around 0.80 area , so I'll try to add Long positions on short-term pullbacks. With this in mind, a "Buy the Dip" approach might help.
OUR PREVIOUS ANALYSIS & SETUP
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✴️ STEPNIf GMTUSDT (STEPN) can grow, why not the rest?
Do you really need many signals to confirm your bias?
Do you really have to wait for the "earnings", "CPI", CNN, FED meeting, the rocket launch, China news, etc. before you can make a trading call?
Do you really need to wait, wait and wait while everything continues to grow?
If you waited for Tesla's earnings, by the time the earnings went out Tesla grew by 60%. Waiting for the earnings might sound smart but it is confirmed in retrospect that it is a dumbs play.
Instead, you get to use these beautiful charts and buy at support...
If it breaks below, a trade is closed with minimum loss...
As it goes up... You get to earn on the way up.
Risk vs reward.
Low risk with high potential for rewards.
Basics trading.
TA, chart patterns, fibs., indicators, candlesticks, volume, waves... They all work and this is the game we play.
Ok, enough ranting... STEPN.
Super high volume as the year 2023 started.
Mostly green candles after the late December low.
A super strong RSI... And the strongest signal of all...
The major downtrend, black, is now broken, the bias is turned fully up.
Any bad news can produce a correction, but corrections will happen news or not.
Make sure to do your own research and plan before trading, market conditions can always change.
Make sure you have a plan as this can reduce risk and increase potential gains.
With a plan, you will also know what to do at the right time rather than getting caught off guard.
If prices jump fast, it can be as uncomfortable as prices dropping fast.
What would you do on a sudden 30% drop?
What would you do on a sudden 50% jump?
My strategy is simple... It can drop to zero, after years of going down I know how to think long-term, buy and hold.
I will sell when everybody starts saying that they are about to quit their jobs.
Namaste.
Will the STEPN GMT sneaker return "back in fashion" ?Given the fact that the STEPN GMT project is very closely related to SOLANA, it is difficult to expect a rapid growth of the GMTUSDT price, as it was during the launch of the project...
SOLUSDT price has broken through the liquidity zone and is heading further down
Also, re-read the idea of how much SOLANA is related to the bankrupt FTX and how much more SOL can be thrown on the market for sale during the bankruptcy and liquidation process of FTX and Alameda Research.
Therefore, to buy GMT now you need to be a real adventurer (even considering that the GMTUSDT price is near the liquidity level of $0.23-0.25). Or if you have "inside info" that the STEPN project will move, for example, to a new blockchain or something like that.
Please share in the comments what you think can save the STEPN project and with it the GMT token price.
To summarizing:
- Below $0.23, there are no strong obstacles to depreciating another two times GMT price, so to speak, to return to the start of the pump in the region of $0.10-0.12.
- In case of "some miracle", with which the STEPN project will "come to life", the first target for growth is $0.58. And the super positive target for the growth of the GMTUSDT price is $1.12, and it is very hard to believe in this in the context of the next few months. Just look at the chart, how GMT was sold at this level before and the price did not go higher.
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Would you Buy this Crypto at All Time Low ???GTS Green Satoshi Token lost 99.82% of its value from its top and now is trading at all time low on a massive Bullish Divergence on Oversold level!!
Would You Buy this???
Looking forward to read your opinion about it!
STEPN vs Bitcoin | Early Signals (67% To 116% Possible Next!) I always wonder... How will they react?
In the past I used to share only Bitcoin pairs (ALTSBTC) and people would always ask for the Tether pairs (ALTSUSDT).
Now I am doing both but focusing mainly on the USDT pairs.
Once things start picking up speed I'll be back to mainly ALTSBTC.
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Here we have GMTBTC (STEPN) after a lower low, the chart is pretty clear to me; is crying out that its ready to grow.
As usual I am mapping multiple targets for you.
The stop-loss is manual and goes below the light blue space at the bottom.
You have to do your own thing, decide your own risk.
Can be 15%, 20%, 25%, etc.
The very easy target is set at 18% from the current price.
Still do-able but a bit harder is 67%.
If the bulls jump in with strength, then we can see GMTBTC growing over 115%.
Everything that I wrote here can be also found on the chart.
Remember that this isn't any type of financial service.
I am reading the charts, you are responsible for your own actions if you decide to buy stocks, bonds, crypto or whatnot.
Always do your research before trading and plan ahead.
Plan ahead as to what you would do if the market moves but the move isn't what you expect.
Thank you for reading.
And thank you for your continued support.
Namaste.
🔥FORGOTTEN GAINER: STEPN (GMT) IS ON THE WAY TO NEW HIGHS?🔥 Hi friends! The media activity around Stepn a fall to it's yearly lows, so this is a time fot traders to pay attention to it. The retailers are already wiped out on this 46% dump as the overleveraged traders.
🚩 Aditionally, we see how the GMT price move during the double bottom pattern. This pattern calls the swing failure pattern cause the price can't fall/grow after the reaching swing low/high.
GMT already make it 3 times and now we see the 4th. All the targets for GMT will be reached, If BTC make a pullback to $19k. I think that is more than possible.
📊 TRADING PLAN:
🔥 long traders liquidation which happen not so far. We can see it on the growing volume bars. Also the short traders who open a trade on this dump will be forced to close their trades in loss. Such activity will push the price higher and higher
🔥 squeeze to the trendline before the breakout
🔥 bullish BTC is a must have for altcoin growth
🚩 The main task of traders is to understand the mood of the whales in different situations. I use DOM and Footprint scalping tools to idenify the big players. I see when they sold during the pump and buy during such "avalanches" like that. So it's very usefull tools.
✅ TARGETS:
1. $0.43 - the closest key level
2. $0.57-0.66 - the closest value area and strog resistance
3. $0.92-1.1 - the important value are and even number of $1, which is huge technical resistance
🚩 I recommend you to book at least 70-80% of profit at the 2nd target.
Traders, what is your targets for GMT? Write in the comments
💻Friends, press the "boost"🚀 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
STEPN (GMT) forming bullish a Gartley for upto 13% pumpHi dear friends, hope you are well and welcome to the new trade setup of STEPN ( GMT )
On a 4-hr time frame, GMT is about to complete a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
GMT Scalp longIdea is to take GMT trendline breakout while BTC is bullish too:
- We only opened daily candle
- We are under VWAP
- We were falling during american session
- 3rd touch
- At bottom we already collected liquidity. Reversal is close
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
GMT possible to increase more than 250%#GMT/USDT
$GMT broke out from descending resistance and price is above long term support zone.
🐮 so price is in a great risk/reward situation to enter, if it holds the support zone it is a high possibility to increase toward resistance zone and maybe even pupm to touch 0.5 fib level of whole swing down.
STEPN GMTUSDT stepsas STEPN price ascend and descend through it's days, we've known several key points in GMTUSDT price chart.
here are these price ranges that price has ever bounced through.
but there is one important thing!
the volume indicator, doesn't show a strong vibe.
but there is still time for increase in this matter.
I think 0.55~0.65 is a safe place to start getting bullish.
also, RSI shows some good things.
hope you succeed.
DYOR
GMT - LongGMT has benefited from buying pressure immediate before the announcement of the launch of GMT earnings plan on the 28th of September, but but price fell immediately after.
GMT is currently sitting on an support zone which, if holds, might give a bit of relief to GMT price, pushing it to 0.7 area.
If support doesn't hold, we might see price falling to the next support zone in area 0.59
STEPN GMT price it's time for growth ?Looking at the trading volumes, it seems that everyone trades only BTCUSDT, or everyone is interested in what is happening with the Bitcoin price
Well, here are our thoughts:
But capital is gradually flowing into altcoins, which in turn are also drawing global reversal patterns.
The GMTUSDT price is now in the liquidity zone of accumulation of positions.
A reversal double bottom is likely to form.
The minimum goal of working out this pattern in the area of $2.4. And this is not a little, not a lot x3.5-4 from the current purchase zone $0.56-0.80.
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Do you forget about GMT? It`s still in play🔥Hi friends! GMT is going to lost it`s popularity. The trading volues are falling but the whales continue to buy this altcoin as you can see on the traded volume.
✅ I don`t see the large suport for the GMT price, so we can try to open a short trades if BTC will start fall again. Low risk trade with high profit potential. Check the idea about BTC to use it in your altcoin trading!
📊 Although trading volumes are falling, GMT could show good growth if the next conditions happen:
🔥 fall to the local lows where the most of long traders sl will be activated
🔥 squeeze to the trendline
🔥 DOM and Footprint BUY orders wall by the whales
🔥 bullish BTC. I think if it reach the $17k, we will see the large bull pressure on and Footprint. It helps altcoins also make a pullback from it`s bottom.
🚩 The huge buy orders (order wall) on DOM and Footprint which confirms the pressence of big player. I prefer to open the trade in the same direction with the whales.
📊 The closest targets:
1. $0.7-0.76 - value area
2. $0.91-1.04 - value area
💻Friends, press the "boost"🚀 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.
GMT Scalp Long to celebrate new month🥳GMT is awesome candidate for long since:
⭐️ BTC has the same structure
⭐️ Domination bearish
⭐️ Volume at bottom. Buyer is holding the price
⭐️ Clear trendline that everyone sees
⭐️ 4th touch
⭐️ 35 ATR
⭐️ Over VWAP
I will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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