💎GMT has recently undergone significant market dynamics. Presently, GMT is undergoing an upward climb, with a backtest on the bearish OB underway. However, for GMT to sustain its upward trajectory, it needs to overcome the resistance in this area.
💎 A successful breakout above the resistance would pave the way for further upward movement. Additionally, breaching...
💎GMT has recently shown significant market dynamics. After a strong bounce from the demand area, GMT is now facing a key challenge at the resistance zone.
💎 A successful breakout above this resistance could pave the way for further upward movement, probability allowing GMT to reach our target supply area.
💎 However, if GMT fails to climb above the resistance and...
4h time frame
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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.
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TP: 0.46 / 0.6
SL: 0.2665
12h time frame
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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
After unlocking the coins.
The price is kept at a level.
Will break the trend line and open the trade.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
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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...
GMT long idea - TP 0.5 - 0.54 - 0.58 and to the Moon ! In case the Bitcoin bull run continues. I have the position already open.
And don't forget to book your profits on the way!
We do not give financial advice. We just publish our ideas. :) Your profit is your responsibility!
When you like what we do give us Boost and comment!
And follow us in different...
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...
As observed on the chart, GMTUSDT on the hourly timeframe has a bullish RSI divergence and it is simultaneously showing weakness in its bearish trend. Its price is highly likely to move up until its CHOCH zone.
Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken,...
Market overall formed a downtrend, and on a 1h timeframe we can see a correction upwards, but recently market broke its higher lows sequence, went above the point of structure break, we are waiting for market to fall down to 1.44 zone which is where it broke a structure and we forecast it will continue falling down.
Entry: 1.44 (Or now for better R/R but more...
