TradingOn

$GMT/USDT 2h (#Bybit) Descending channel on resistance

Short
TradingOn Updated   
BYBIT:GMTUSDT   GMTUSDT SPOT
Green Metaverse Token is retesting 100EMA and seems likely to bounce on it and drop.

⚡️⚡️ #GMT/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 9.4%

Current Price:
0.6443

Entry Zone:
0.6465 - 0.6687

Take-Profit Targets:
1) 0.6020
2) 0.5601
3) 0.5183

Stop Targets:
1) 0.7041

Published By: @TradingOn

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +25.38% | +44.49% | +63.54%
Possible Loss= -21.21%

Fib. Retracement= 1.117 | 1.414 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 1-2 weeks

Website: stepn.com
Trade closed: target reached:
TP1 reached with +25.38% (3x) and +1.2R

GMT got rejected as planned and instantly went down to first target.
Now bouncing back towards resistance again, it may play out a 2nd time if we are fortunate enough!

Trade active:
1st entry filled

GreenMetaverseToken went retesting 100EMA resistance and we are back in!

Trade closed: target reached:
TP1 with +25.38% (3x) and +1.2R
Trade closed: stop reached:
SL hit with -21.21% (3x) and -1R

GreenMetaverseToken regained 100EMA and seems to have broken-out bullish now!
Too bad we forgot to adjust Stop at Break-Even (BE) yesterday after reaching target.


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