GMT/USDT Breakout the falling wedge pattern. Bullish Momentum ??

💎 GMT has become a prominent focus in the market, recently achieving a breakout from a falling wedge pattern. This breakout is seen as a bullish indicator, potentially setting the stage for continued upward movement.

💎 Currently, GMT is undergoing a retesting phase, and if successful, there's a strong likelihood of substantial upward progression, with our next target being the daily resistance.

💎 However, should GMT retreat back towards the support trendline and break below it or close beneath this line, it might signal the need to retest the demand level.

💎 The demand area becomes crucial in this scenario. For GMT to resume its upward trajectory, the asset needs to show a strong bounce from this level. If GMT ends up merely consolidating at the demand level over a few days without significant upward movement, there's a risk that it could break below this level. Such a development might lead to a bearish turn for GMT, potentially sending it toward the bullish OB area.

Trade closed: target reached:

Nailed it again - #GMT is up 70.98%, right on cue!