Video Analysis of GMT & GST from a purely technical view.
Overview of previous and recent price action along with what Ill be looking for in the next trade.
Points not mentioned in the video:
The GST price action || Blow off top, strong sell volume, & retrace to last level doesn't suggest strength to me, but rather a natural pull back after an impulse move.
I Stated in the video what Ill be looking for, for a short trade. Otherwise I dont want to long it.
The tokenomics for this project is very unique and "new" to the space imo. Im not convinced its sustainable, however time will tell. I do know that when the wheels fall off it'll be a good short, but I wont be in a rush to find that trade just yet.
Previous Analysis linked.
Overview of previous and recent price action along with what Ill be looking for in the next trade.
Points not mentioned in the video:
The GST price action || Blow off top, strong sell volume, & retrace to last level doesn't suggest strength to me, but rather a natural pull back after an impulse move.
I Stated in the video what Ill be looking for, for a short trade. Otherwise I dont want to long it.
The tokenomics for this project is very unique and "new" to the space imo. Im not convinced its sustainable, however time will tell. I do know that when the wheels fall off it'll be a good short, but I wont be in a rush to find that trade just yet.
Previous Analysis linked.
Comment:
GST breaking the very strong trendline, looking for a short now - refer to video
Comment:
GMT - Retested broken support and found resistance a suggested in the video.
Comment:
$GST, after trend broken, instead of a TL retest, we had a level retest. Theoretical trend switch. With other M2E tokens along with other market tokens soaking up some liquidity, we might see a lack of strength from GST & GMT moving forward.
Comment:
Update GST:
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
