GMTUSDT Daily S/R| VAL| PA Context| Range High

BYBIT:GMTUSDT.P   GMTUSDT Perpetual Contract
Evening Traders,

Today’s analysis – GMTUSDT- trading above a key support region where a rotation towards the range high is possible,

Points to consider,
- Price Action Impulsive
- Bullish Retest Zone
- VAL Support
- Daily S/R Support
- Range High Objective

GMTUSDT’s immediate price action rejection from its POC and is now finding support at an area that is in confluence with the VAL, Range Low and Daily S/R, allowing for a bullish bias.

The immediate objective is the range high, exceeding this level will mean a larger trend continuation.

Overall, in my opinion, GMTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

The market can stay irrational longer than you can stay solvent. - John Maynard Keynes


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.