GMTUSDT trade ideas
GMT - how fast can the bulls run?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After the bears broke the last low in gray , GMT has been overall bearish making lower lows and lower highs.
Last week, GMT rejected the 1.0 round number and demand zone, however, we are not bullish yet.
For the bulls to take over, we need a break above the previous high AND above the 2.0 zone acting as a resistance.
Once we have this break (projection in purple) then we will be looking for buy setups on the 2.0 zone retest.
Meanwhile, the bears can still reject the 2.0 zone for another bearish impulse movement till around the green demand zone.
In this case, we will be looking for buy setups on lower timeframes as price approaches the 0.75 - 1.0 zone
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
TS ❕ GMTUSD: near the supportGMT is consolidating near the support level. I expect a rebound up to the resistance level.
BUY scenario: long to 1.74.
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GMT IS AT AN IMPORTANT LEVEL, WHAT NEXTGMT is currently kissing a resistance trendline.
There are 2 possibilities from here.
1. Break above the TL and start running to the NORTH.
2. The TL will act as resistance and drive it to the SOUTH.
Caution is a virtue trading the market this period.
PLEASE,
Kindly like, comment, FOLLow and share your thoughts
STEPN GMT/USDT Path Towards $1 Activated!STEPN (GMT) price appears to have chosen the next price movement which is woefully pretty negative. The market sentiments are not in favour of any upward trajectory. Therefore, more blood bath may be expected in the upcoming couple of days.
Considering the GMT price, the price could soon break out of the symmetric consolidation and tank down squeezing another 25% in the upcoming days. The market again fell into bearish well fuelled by Bitcoin prices tanking below $30,000. Therefore, no prominent possibilities a rebound may be expected for the GMT price as the volume has depleted.
Therefore, possibilities of GMT price dropping below $1 support zone emerges.
GMT 1H - Head and Shoulder in playAs we can see price make a fake breakout of the resistance line and now is expected a retrace to the ascending trendline to complete the right shoulder .
Also price hit the RSI overbought line and can retrace from here to the buy zone.
If H&S will complete price can pump higher