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GMTUSDT trade ideas

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
GMT is Scam coin!!!!!!!!!!!!GMT Price Prediction: Is STEPN Legit Or A Scam? Abdullah Sarwar·Cryptocurrencies·May 25, 2022, 16:02 BST Our GMT price prediction is not looking great as the price has failed to generate any reversal signals. On 12th May 2022, Green Metaverse Token (GMT) dipped to the lows of $0.81, shedding most of its gains from the last month. A relief rally took the GMT coin to the $1.49 level, from where it faced another rejection. Green Metaverse Token (GMT) is the native asset of the STEPN app. The app leverages NFTs for its novel move-to-earn platform. The protocol is built on Solana and allows the users to monetize their workouts like running, jogging and walking. At the time of writing, GMT price is trading at $1.38, which is 66% below its all-time high of $4.11.
by huongnd
Will we see GMT pump after yesterday China's STEPN dump - YES !Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start. Today I want talk with you about GMT chart. I know some if you heard about stepn, some use it to make money and some think that this is scam and soon all will lose money. I think that stepn is not a scam, but yesterday we saw that stepn will no more work in China after 15 July and flow dropped very hard. But I want to write few words by technical picture. I think now price trades in accumulation in range 1.70-0.80 USD. As you can see on a history chart 2 previous times after accumulation we saw huge upward impulse. I think this time price can do the same and I can indicate 3 main targets. Target 1 is 2.05 USD Target 2 is 3.05 USD Target 3 is 4.05 USD So, I'm waiting for this scenario. This is my opinion, I really hope this will be useful for you. Be ready and take care your money. Have a great profit !
Long
by YMGroup
55
GMTUSDT Wyckoff Theory 👀👀?This is my first post 😅 and I did post the same chart but I think it's been removed So GMTUSDT is showing a movement I just spotted on the 4h candle ! Let's hope it follows this. GMT has shown great price action, but lately it fell slightly. It's creating a chart similar to the Wyckoff Theory, if you compare my GMTUSDT chart I've shared with you and compare with the Wyckoff Theory, if you Google the theory they look very similar and I hope it follows this theory and if it does we can go higher then $4 in the next few weeks and months! 👀🤞🏼🤞🏼 Please feel free if you want to withdraw what you invested and let the rest run or take out what you happy with or hold long term, please make this decision yourself and I am just a guide and educational purposes 😃👍🏼
Long
by ONE-X_
6
GMT BREAKOUT WITH RISING OPEN INTERESTJust a quick idea of the kind of trades I like to take. I have a strategy system implemented in python that basically what it does is scanning the market to look for the following (example using Binance Futures): 1- Price moves in a tight range for some time (hours) with rising open interest and low volume. 2- Then, the price breakouts (up or down) with increasing open interest and abnormal volume. We want to see the price breaking out with conviction, and to spend time outside of the consolidation range (it can be from 5 hours to several days) 3- Then, we can now presume that the majority of the long positions that have entered in the range are potential trapped longs and the shorts where right. The majority of the shorts that have entered in that range will also defend their position and longs might close in BE if the price returns to that zone. So we know take an step forward and put our limit buy/sell order (limit sell if the breakout was to the down and limit buy if the breakout was upside move). We want to enter in the direction of the trend. We are not guaranteed the trade will take place, of course. But we have the probabilities to win in our favor. If the price for some reason returns back to the initial point where the first move took place most probably it will be hardly rejected again in the direction of the initial breakout. Important notes: - This kind of trade require to take at least a Risk Reward Ratio of 2, 2.5 or more. If your RRR is near 1 (risk 1 to won 1) the strategy is not as profitable. - Real breakouts takes time to form. So please, do not look for this in 5 minute time-frames. Please use at least 1H candles or more. - The open interest for each ticker can be also added to the same chart in a new price scale. If you are seeing the ticker 'BTCUSDTPERP' (Binance Futures) the open interest will be 'BTCUSDTPERP_OI'. If you liked it, please like and comment. Happy Trading! Rodrigo
Short
by rodrigo.aprieto