GMTUSDT.P trade ideas
GMTUSDTThis analysis is based on Elliot's wave theory
Not Financial advice, this is for education purposes only.
GMT LONG IDEAGMT has been setting up a falling wedge throughout its recent correction.
Zoom in. 4h TF seems to be setting up double bottom, looking for the low set at 0.3517 to be wiped and a new low set in the 6H OB within the Support. This should confirm the double bottom. CHOCH of character to confirm Bullishness will be at 0.4.
In the event the low does not get swept, can expect a positive reaction slightly above around 0.3654 -0.3520.
Targetting 1W fvg at 0.85 and 1D OB in the resistance around $1.
Trade with caution! Good Luck
GMT/USDT Looking Into Potential ShortHey, traders ✌️
Let's take a look at GMT coin here. We see a good potential for this coin to show some bearish movement after it got rejected from 100 EMA zone. Will be looking for a nice 20-30% drop here in upcoming month - so keep an eye on this one!
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GMTUSDTHey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
GMT H&S FORMING 😎😎😎😎Hi dear traders
GMT has formed H&S pattern in daily time frame.
If neckline breakout correctly and retest as support, then best time to open long position with suitable R:R.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
ArShevelev /// GMT What's Next?Hi traders!
GMTUSD price made a +50% move after retesting important support level. I believe it will rebound near 0.38 and start moving up 0.6 - 0.68
Good luck!
Fasth short on GMTFasth short on GMTUSDT. The idea that we are moving in the up trend channel and now we are on the top level of this channel. Will try to get short form this point and wait low level of trend channel. Let`s see...
GMTUSDT: DOUBLE BOTTOM INSIDE A WEDGEThis asset has formed a 4H time frame double bottom inside a Daily time frame descending wedge. There are multiple resistance that must be overcome for any possibility of considerable bullish continuation: The neckline of the double bottom, the resistance of the wedge, the 100 day moving average and a daily horizontal resistance. A buy may only be considered safe after beating all these hurdles. If the price succumb to these resistances, it might tumble by about 20% to around 31 cent.
GMTUSDT is testing the key level!GMTUSDT is characterized by a double top formation on the 0.42$ area, which resulted in a false breakout.
Currently, the market is testing the 0.5 Fibonacci level, which has now become a new resistance level . Additionally, there is a 4-hour support level at the 0.36$ area that the price is testing.
If the price fails to hold the current support level and begins to move downward, it could potentially grab new liquidity from the original demand zone on the 0.31$ area. According to Plancton's Academy Rules, this could signal a new short position.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
DO YOU SEE GMT GOING BACK TO $3?From this analysis, do you think there is possibility of GMT pulling back to hit FIB23.6 before selling?
do you also think it can hit $3 sooner or later? I can see Head and Neck formation even i9f it is not clear to every eyes
share your thought.
GMTUSDT idea for longHello everyone. In the market as a whole: the coins have taken a breather, but in general the mood is for growth. Many coins are testing their trend/support levels now. GMTUSDT always reacts well to such patterns, so I think that now we will break away from the support at 0.3528 and go down to 0.4193. We set the cancellation of the scenario for breaking the level by 0.3463.
GMT 🚨 HOW TO TRADE??Key resistances are marked with red lines.
Supports are orange lines.
I open long positions from support levels with RR2.
The levels are based on order blocks, fibo levels and high volume levels.
Step'N Down with $GMTI have opened a short position on $GMT, this is a swing short positon. Much of GMT's tokens have been locked up, currently 83.79% of the token supply is locked and not in circulation. However, these tokens are subject to a linear unlock that began March 1st, 2023. The distribution is currently as follows:
My avg entry as of right now is $0.433. I am looking to slowly DCA into a short position on GMT to increase my position as the market gives opportunity.
UNLOCK DISTRIBUTION
3,387,097 GMTs
Private Sale 1,219,355 GMT/Day ($483,846)
Move and Earn 812,903 GMT/Day ($322,564)
Team 580,645 GMT/Day ($230,403)
Ecosystem/Treasury 580,645 GMT/Day ($230,403)
Advisors 193,548 GMT/Day ($76,801)
The private sale of GMT token was at $0.005 per token. I confirmed this with the Step'n team. That means investors who were in early in the project are currently up 7860%. My guesstimation is that they will begin to sell their tokens to capitalize on this incredible gain. This coupled with technical analysis and price action I think can set up a great short opportunity. Not to mention, each month the % unlocked increases dramatically. Over the next 7 years the tokens will continue to unlock≥
If GMT fails here at this breakout level of $0.4 I think we will accelerate back to $0.3. Failing this wedge to the downside as a fake breakout to the upside could play out.
GMT Bearish Pattern 🤔🔻🤔🔺️🤔🔻Hi dear traders
GMT has formed bearish pattern.
The price reached ceiling of descending channel.
Possible price go down to near middle of channel.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
GMTUSDTHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
GMT on the way down 🤨↘️🤨↘️🤨↘️Hi dear traders
GMT Big crash soon.
The price breakdown Daily EMA20.
We can see bearish divergence between price and RSI.
Volume is so weak.
I expect price go down in this weak, be careful.
If BTC correction to near 21k and 20k then all Altcoins they make a hard fall.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
GMTUSDTHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
Let this shjt down, short short shortThis is not a financial advice!
Massive tokens vesting is coming next month. A huge selling pressure has been going on since the early February vesting, that why btc pump and this shit dump and sideway. Get ready for next month's token unlock!
Decreaing Triangle Pattern \ SHORT Not a financial advice.
This triangle pattern offers traders a bearish signal, indicating that the price will continue to lower as the pattern completes itself. Again, two trendlines form the pattern, but in this case, the supporting bottom line is flat, while the top resistance line slopes downward
it's time to going up for GMTUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: 0.4123(here we are)
Target1: 0.4413
Target2: 0.4779
Target3(Final Target): 0.5309
Stoploss: 0.3438
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GMTUSDTbreakout soon , wait for retest
dont use more than 5% .
its an idea , market will take control if bull or bears took an action .
entry 1 : 0.366
entry 2 : 0.330
.
tp1 0.382
tp2 0.410
tp3 0.450
do your own research ,
