GMTUSDT Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 1.2 and ~1.35
after first target reached move ur stop to breakeven
Stop: ~0.76 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
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GMTUSDT trade ideas
GMTUSDT | BULLISH BREAKOUTGMTUSDT had been trading under the falling resistance. The price has holding a horizontal support. The bullish candles formation on support projects a bullish trend.
We are expecting a bullish breakout above the falling resistance.
The bulls need to break above the falling resistance.
Manage your trades accordingly.
GMT Scalp - Long Trendline breakoutReasons to take long:
⭐️ BTC bullish
⭐️ Squeezing to the trendline
⭐️ Trendline is 3d old
⭐️ Trendline is clearly seen on daily timeframe
⭐️ 40 ATR
⭐️ Squeezing VWAP
Will enter when price 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
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
GMT/USDT Could see a great movement!Hey Traders,
Let's talk about GMT again. The previous time that we looked at this we had similar idea but it takes to to takeoff because of the market situation! So we are re-buying this coin here. Our main targets are $1.3 - $2.2 and STOP is must if we close 4hr below $0.8
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
One more chance to buy GMT🚩cheaperGMT is going to test the bottom trendline for the 4th time which is not good for long traders because support become weaker with each test. So the break down is really possible but what is good in current situation?
📊 I think that after the break down the GMT return above the trendline so fast because:
1️⃣ the crypto is to close to market bottom and a lot of retail traders already sell thair crypto and proce can`t fall lwer if no one sold cheaper and cheaper.
2️⃣ the whales will have enough liquidity to collect if price break the trendline down and collect the sl. The whales buy enough GMT to their longs and will be ready to sell their crypto higher and higher.
📊 Preconditions to open a long:
🔥 false breakout (return the price above the trendline)
🔥 volume growth - confirms the whales purchase
🔥 bullish BTC help reach the targets for GMT much faster
🚩After this the price can squeeze to the local trendline and we can open our longs✅on it`s breakout or during the test of the trendline as support. In any case i will show you it in the next ideas.
The targets:
1️⃣ $1.16 - key level, local highs
2️⃣ $1.35-1.44 - value area, strong resistance
🚩 Friends, what is your scenario for this altcoin and BTC? Write in the comments!
💻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.
GMTUSDT |Evening review| march to local resistanceHello everyone, I wrote a new idea for you. Thank you😉
From this coin, I expect that after the price of the protest again predicts the trend line, we can expect a trial pattern of resistance, followed by price fixing with consolidation.
In the $1.16 zone, I will use it both for purchases.
GMT bear trap🧸💀I personally got stopped out when I bought GMT at the support, I bought too early and was forced to sell, smart money took my SL so they could hunt my liquidity, for that reason is best to wait for this traps to happen. After this bear trap I think there is more chances for price to break up that key level however we need to wait for confirmation like a powerful breakout and successful retest as support of that broken level, we can expect bullish engulfment, or a bullish hammer candlestick pattern to confirm support has been found. I wont rush this time and I will wait in case smart money wants to trap the bulls in order to place their sell positions and dump the price in other words: false breakout.
STEPN Analysis , GMT Update 📈📉Hello traders, what's going on today ?!
Since 28 May 2022, that I posted the last analysis
for GMTUSDT , STEPN has been trading in sideway and range zone , also as I expected it reject by higher red zone and lost the pivot zone for a while but rebounced back up one the positive divergence revealed (OBV and WMACD). (more than 50%💰 (1x)short).
SO today as you see in the Daily timeframe for gmtusdt , it seems after a long consolidation phase its ready to jumps over pivot zone ! so in this case you can take short position on the higher key resistance zone with a proper stop-loss!
anyway you also should consider any bearish scenario for gmt , thus although it can rise it short-term , but in my opinion it will correct more in the long-term perspective, so if it losses the curent pivot zone , in this case it may settle on the lower support and demand zone
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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