Today’s analysis – GMTUSDT- trading towards a clear support level where a bounce is probable, Points to consider, - Price Action Corrective - Daily S/R Support - .618 Fibonacci Support - Bullish Order Block
GMTUSDT’s immediate price action is coming close towards a support level that is in technical confliuenc with a Daily S/R and the .618 Fiboancci, allowing for a bullih bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a bullish 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,
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