$GMT/BTC 12h (#BinanceSpot) Descending channel breakout

GreenMetaverseToken is pulling back to 50MA support where it seems likely to bounce and resume bullish.

Current Price=0.00004525
Buy Entry= 0.00004405 - 0.00003909
Take Profit= 0.00005585 | 0.00006754 | 0.00008183
Stop Loss= 0.00003318

Risk/Reward= 1:1.7 | 1:3.1 | 1:4.8
Expected Profit= +34.35% | +62.48% | +96.86%
Possible Loss= -20.18%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months

Tags: #GMT #GMTBTC #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BSC #Solana

Website: stepn.com

Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx

Trade active:

2/3 entries filled

Green Metaverse Token retested 50MA properly and seems to be bouncing on it, let's remain patient!

Comment:

Back to demand zone after up to +24.61%

Green Metaverse Token regained 200MA support and 50MA just Golden crossed it!
This is quite a bullish sign, first target remains valid until signal reaches it or stops out.

Trade closed: stop reached:

SL hit with -20.18% and -1R

GreenMetaverseToken lost support and went down, seems like it was a fake bullish cross after all.
RSI has now entered oversold territory and PA formed a falling wedge, we'll keep an eye on it for some recovery!