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GMT / TetherUS

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GMTUSDT trade ideas

GMT brief gain 💡🚀Hello 🐋 Based on the chart after a long time, correction to the downside the price is close to the major support and breaks the red trend line to the upside ✔️ if the price doesn't break the support level (our green trend line and our round number$1) to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 if the price breaks the round number to the upside, we will see more gain 📖🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
1
GMT’s ABC Correction We've just completed Wave 5 at the top of resistance. If we break 74 cents (support), we will go down to the next strong support at .60 cents. The support at 67 cents is weak and it’ll take a lot to bounce at that level. The RSI and momentum are also calling for a reversal. This further validates my TA. Stop loss - 0.86 Minimum TP- 0.74 This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
Short
by WaltrAlexander
7
🚀GMT: runners, are you here? Is it a time to BUY?Despite the decline of GMT hype, enough buyers can be seen in the volume indicator. The growth of volume bars shows that the big players are still buying. Indeed, if you are a big player, you don't always make money, but we can see the signs of interest now. Will the project be able to surprise traders once again and achieve the goals I will talk about in this idea? The price return to the previous lows and the key level of $0.81. It`s almost +44%. GMT make the false breakout of the key level but after few hours return above the level. As you know, false breakout is the strong pattern but in this case price show the bullish signs and it`s good for the long traders. Additionally, the price test the global trendline as a support which is also confirm my thoughts. 📊The closest resistance area is a $0.92-1.06 value are. I think we have to test it and make a pullback for 10-15% to trap the long traders. After this we can open a long with better RR and use trendline breakout as it`s shown ont he chart. 🚩Targets: 🔶1. $0.92-1.06 - closest value area 🔶2. $1.16-20 - value area and mid-term target. GMT can reach this target if BRC helps altcoin and start to rise to $24-25k. What should we expect from the project? Will it ever return to its highs or can we no longer hope for growth? Write about it 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.
by Yuriy_Bishko
9
STEPN (GMT)-USDTGreetings, looking at this chart, it's just wow. The creators and marketers of this project, you have to hand it to them. Two months of 50k% growth is something...53rd place in the CMC... Technically we have an upward wedge, the price is testing its support at the moment. Let me remind newcomers that the rising wedge is a bearish pattern, and according to statistics it speaks about an approaching trend reversal. The double top is also not a good sign for the continuation of growth. A correction is needed. Possible scenarios: a smooth decline to the first support zone is the trading around the past resistance in the area of $2-2.4, the next support is a zone of $0.8 and from this zone again can expect a real reversal. By the way, the formation of the third top and putting the passengers back into the longs is also relevant. Possible points on the short from a zone of 3,8-4$ at false breakdown of this zone and consolidation under it. Or at breakdown of a current support zone of $3-3.15. Longs if you're not a speculator, but more of an investor, I would not consider earlier than at a price in the area of $0.8-1, which will be a correction of about 80% of the highs. If you liked this material, then like this and subscribe, so as not to miss anything. Always use STOP, and do not use leverage greater than x3. A trader should always have tomorrow.
Short
by Kirill_Gaitan
2