4h time frame
-
GMT is creating a potential cup and handle structure since our last analysis(as below).
We can set up a new trading plan from this CH and original Elliott impulse wave. Both of them indicate that the first target is around 0.46, and final is 0.6.
-
TP: 0.46 / 0.6
SL: 0.2665
12h time frame
-
GMT is retesting 0.618 Fibonacci Projection, this is also the potential Elliott impulse 2nd wave. According to Fibonacci analysis and structural analysis, we can predict the next target will be 0.52 if GMT trigger 3rd wave.
TP: 0.52 / 0.61
SL: 0.25
BINANCE:GMTUSDT
GMT/USDT Technical Analysis: Bullish Momentum Builds
GMT/USDT has been in a strong uptrend since early October 2023, with the price increasing by over 8% in this month.
Bullish Divergence
The RSI indicator is showing bullish divergence, which is a confirmation that the price is likely to move in an upward direction in the coming days....
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Like for me, time to correction.
Entry: market and higher
Target: 0.5 - 0.45 - 0.4
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is...
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and higher
Target: 0.42 - 0.36 and maybe 0.33
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck...
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 1.2 and ~1.35
after first target reached move ur stop to breakeven
Stop: ~0.76 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck...
