🔥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
