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GMT / TetherUS

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GMTUSDT trade ideas

GMT - Let's Go For A Run!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last GMT analysis, we were waiting for GMT to break above 2.0 OR retest the 0.75 - 1.0 zone to look for buy setups. Now since GMT is around our 0.75 - 1.0 demand zone , we will be looking for buy setups on lower timeframes. on H1: GMT is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, GMT would be overall bearish can still trade lower. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
STEPN drawn Double Bottom pattern and price start rise soon !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys. 12th May GMT token create local low at 0.85$ and bounced more than 100% to 1.75$ Few days ago price back to support level, local low at 0,85$ and now created double bottom pattern. I think for now price can make another 100-140% upward movement to our main target around 2-2.1 USD. And some time to trades in this range 0.85-2.1 USD I expect this scenario, so be prepare for next movements. Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
Long
by Michael_Winner
14
Rising support + static resistanceHello friends. I found a relatively clean setup featuring my favorite pattern: rising support + static resistance. This pattern is especially powerful because of the nature of resistance. Think for a second of this level at ~$1.06 as a door, and think of the price as a "battering ram". Each time that the battering ram smashes into the door, the door falls apart some, and becomes weaker. At some point, when the door has become weak enough, it will fall down altogether as the battering ram smashes into it for the last time, popping off the hinges of the door. This creates a breakout in the price which can be quite explosive and generate a good profit for those who were already long. I don't really like to long those after the breakout already happened because you miss most of the movement, so it seems more effective from a risk to reward standpoint to simply anticipate a possible breakout of this nature. Thanks for playing.
Long
by bowtrix
1
GMT, is expected to rebound with double bottom support.The following are machine translations: On the daily chart, it stepped back after it fell to around 0.8 on May 12 and rebounded. Now it has stepped back to around 0.8 to get support and rebound, showing a bullish shape. In terms of indicators, the macd indicator is seriously deviating from the bottom, and you can wait for the golden fork to do more. SRI reached 27.72 on May 12, the price on the 26th was slightly lower than that on the 12th, and the RSI reached 30.3, which also formed a bottom divergence, and the market rebounded yesterday. In terms of operation, it can be regarded as a double-bottom pattern at present. It can be done with the indicator macd. When the macd crosses, it is more likely to continue to rise.
Long
by LochubT
GMT/USDT Analysis Update 📈📉What's up Guys , What happened for STEPN! In last analysis that I posted for GMTUSDT , according to my analysis it exactly followed the bearish scenario and since 28-April it has started a sell_off , also after losing the previous zones finally reached the last support that I mentioned before and had a huge crash like others altcoins (=> -80 % short (1x)🎯💰 ). So today we still have some bad fundamental news that can impact the GMT and fall more in the long-term .==>> (Due to Chinese law, StepN application services will soon be discontinued in this country. Chinese users of this platform have until July 15 to sell their nfts and fully withdraw their capital from this platform. ) BUT in technical viewpoint ,as we can see, it has retested the support zone again , and it can bounce again , and at least see the higher resistance zone , and so there if bulls be able to overcome the bears it can reach the higher resistance zones respectively , but otherwise it'll fall more! ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
by PRO_SMART_Trader
Stepn; What Awaits GMT?Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing Stepn BINANCE:GMTUSDT . This is a coin that has been one of the best performers recently. As you all probably know, GMT has suffered a great crash recently and you might be hoping for a retracement. There has been a breakout triangle forming so there are two different outcomes that can happen. The first one, indicated by the thick red arrow, shows a breakout to the upside before going down, and the second outcome, indicated by the green arrow, goes directly down. You can see the areas of support and resistance where the price may reverse or retrace. Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you! Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Long
by CTDave
1