GMTUSDT trade ideas
GMT - Short Term - back to supportAs we can see GMT go up strongly with a 52% profit from local bottom. Now is facing a key level at 0.82 and make a fakeout above this level. Also RSI is very high and likely it could go down to consolidate and then try another time to break up. There is a bearish signal from RSI, infact price go up while RSI going down in 1H.
🚀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!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
gmt possible move Due too its pump I think it is reaching its point d or the apex of the pump we could possible see a dump back to order block Ps. I'm not a financial advisor or anything I'm just sharing my opinion about the chart feel free to share your thoughts about my technical analysis in the comment section
GMT/USDT_BINANCE_FUTURESPair: GMT /USDT
Pattern: Downtrend
Strategy: Short if GMT gets rejected from the top of the downtrend.
STEPN GMT Entry Range, Take Profit and Stop LossGMT/USDT
Entry Range: $0.72 - 0.79
Take Profit 1: $0.85
Take Profit 2: $0.96
Take Profit 3: $1.13
Stop Loss: $0.59
back to long Trades Hello
I think we start back to long trades we are in good area to reversal
BE STRONG AND DON'T FORGET SL
hope everyone can make profits
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 $0.8-1, which will be a correction of about 80% of the highs.
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Always use STOP, and do not use leverage greater than x3.
A trader should always have tomorrow.
GMTUSDT near major support After a huge fall from 4$ resistance and great profit with that short position:
Now the price is near major supports and we are looking for at least a +100% rise and pump here for the price.
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SYMMETRICAL TRIANGLEWe are on a bearish run I can see a symmetrical triangle pattern formation on a downtrend you might like to see a push to the downside once the support is no longer in hold
GMT SHORT 1HGMT/BTC is in a rising wedge at resistance.
Volume making Lower highs, Lower lows.
GMT should reach $0.50 which is my TP.
Good luck!
Trend line and Support Resistance scalping strategy If the current price bounces on the trend line and revisits the supply zone for the third time, short trades will work until it reaches the take profit price, which is based on the Fibonacci retracement
GMT trend line 🚀Hello 🐋
based on the chart, the price again become close to important trend line and the support area, besides we have the round number of $1 (that now acts as a resistance level) ✔️
if
the price do not break the support area to the downside and break the trend line to the upside, we will see more gain 💡🚀
otherwise
we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
going short on GMT/USDTGoing on a short position on a 5x leverage. Stop loss, Entry and Take profit all on chart. Bitcoin determines the market trend so trade with caution. Like, comment and follow for more signals.
$GMT/USDT 3h (#BinanceFutures) Descending trendline break retestGreen Metaverse Token is pulling back to 50MA support where we expect a bounce then a short-term recovery!
Current Price= 1.0873
Buy Entry= 1.0837 - 0.9723
Take Profit= 1.3545 | 1.6167 | 1.8789
Stop Loss= 0.7658
Risk/Reward= 1:1.25 | 1:2.25 | 1:3.25
Expected Profit= +31.76% | +57.26% | +82.77%
Possible Loss= -25.50%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #GMT #GMTUSDT #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BSC #Solana
Website: stepn.com
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Update for $GMTgmt has formed 2 consolidating levels, but has rejected the upper supp, so most likely a trend continuation. we look for short after breakdown retest confirmation, and for long it needs to climb above the resistance
TRADE UPDATE FOR GMT SHORTbtc falling,spx falling, whole market in a bear motion so i dont think gmt will survive, im looking to take direct profits on all time low or when binance delists gmt
