GMTUSDT trade ideas
GMT trend line ๐Hello ๐
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) โ๏ธ
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 ๐ก๐
otherwise
we will see more correction to the downside โ๐งจ
Please, feel free to share your point of view, write it in the comments below, thanks ๐
$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
11/5 GMTUSDT - Long TermRecently, all the previous trend was exploded like Defi, Gamefi.
So based on the GMT, I would say it is one of the ponzi scheme that you are not going to recover your loss by P2E.
I would say this Move to Earn Business Model is over and we can see a massive dump will be seen and sent those coin to the hell.
Position: Short at 2.06
CL: 2.35
TP:
1. 1.18
2. 0.9
3. HELL
I am not looking positive on those Gamefi model will be back alive in 2022/2023. so buckle up and ready for the ride to hell.
will GMT repeat the history ? ๐ก๐Hello ๐
based on the chart, the price is close to important trend line and the support area and the round number of $1 โ๏ธ
if
the price do not break the support area to the downside and break the trend line and the range zone to the upside, we will see more gain ๐ก๐
Please, feel free to share your point of view, write it in the comments below, thanks ๐