STEPNUSD
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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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
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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STEPN GMT - 77% crash is imminent! | Bearish channel
The price action on the GMT token is terrible. Since the peak in April 2022, the bulls have disappeared and the price is going down pretty quickly!
I expect a 77% crash in the immediate short term. If you like this coin, you can definitely buy it for a cheaper price in the future, but for now, I would stay away.
As you can clearly see, we are trending in this massive descending parallel channel on the daily timeframe , and it's really possible that we are going to touch the channel at the downward trendline.
According to my Elliott Wave analysis, we need to complete an ABC correction before the start of a new bull market. We started with a strong impulse wave in 2022, which gives us hope for much higher prices in the future.
I think STEPN is a great brand, but as I said, we need more time to shake out hodlers first, so whales can buy it cheaper.
This altcoin is very popular with retail investors and traders, which is a great sign for the future.
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GMTUSDT 12H The main thing is to sell Stepn GMT on timeToday 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.
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Stepn to an Elliott Wave Clarity Hunt.Some interesting structures here, looking for a break here to lead to some clarity. There is a trade here in my opinion, but depending on the break, could lead to even more setups to watch for, MO.
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GMT - Buying strategyBYBIT:GMTUSDT
1H trend chart
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GMT keeps consolidating and the low points are getting higher gradually.
If price can overcome the downtrend line, trading strategy as below.
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Profit Targets:
a) 1.7342-----Fib(1)
b) 1.987~2.0893-----Fib(1.272~1.382)
Stop losses:
a) The relative low point after breaking out downtrend line-----Red horizontal ray
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