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.
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GST breaking the very strong trendline, looking for a short now - refer to video
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GMT - Retested broken support and found resistance a suggested in the video.
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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.