GMT after forming inverse Head & Shoulders is going up.
🔵Entry Zone 0.2712 - 0.2618
🔴SL 0.2479
🟢TP1 0.2924
🟢TP2 0.3289
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GMTUSDT has successfully broken out of a falling wedge pattern, followed by a pullback towards the top trendline, resulting in a decent bounce. The accumulation and potential stop loss levels are indicated on the chart, suggesting that the internal supply area should be considered as our profit target zone.
Share your thoughts on this setup and remember to hit...
📊 Technical Overview:
GMT (Gambit): Rebounding from support for the third time.
Entry Condition: Bullish crossover in Stochastic RSI, break above $0.2748.
Next Resistances: $0.4611 (67% gain potential), $0.5780 (112% gain potential).
Invalidation: If price breaks and remains below $0.2211.
📈 Trade Strategy:
Entry: After bullish crossover and break above...
GMT is really bullish because the downtrend ended with a descending parallel channel. Volume is starting to be really high, which is a good sign. WXYXZ corrective pattern is complete, also a good sign. Where to take profit? I recommend 3 profit targets at this moment. Choose wisely, my last profit target is the previous all time high, which is a strong resistance...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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Here is a quick update on GMT📚
👉As we can see price is sitting around a minor support zone, lining up with our previous major lows, however, we will be expecting again a new rejection!
👉Moreover, for the bulls to take over,...
💎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...
GMT has reached the bottom and looks oversold also on shorter time frames. On the 1H time frame there is a potential profit possible of approx. 37% to $0,32. The price is breaking out a bullish Falling Wedge pattern. Also the 1D is looking good and on the longer term it can give even a much bigger potential profit.
GMT is currently very oversold and has very interesting profit possibilities. The price is currently moving out a bullish falling wedge and a mega inverted head & shoulders. From these patterns the price can move back to $0,78 which is a potential profit of approx. 235% from current price.
In the low times, it creates good opportunities for buying, but the important number that is important to me and may not even be reached is 20 to 21, which I specified.
If this area is lost and fixed under it, those numbers will be activated easily
New analysis
GMT is currently moving in an ascending channel on 4h time frame. Target is $0.50.
Cryptocurrencies are affected by Bitcoin ETF news and this analysis may be failed.
This is not financial advice. Do your own research.
As we spoke GMT is breaking the 0.4$ barrier towards the 0.7$ resistance level as a first potential target. The VCP pattern is not confirmed yet but volumes are sustaining the price growth!
The second possibile potential target is around 1$ if the price create a valid trend.
good trading
GMT Looks good for a scalp move. Actually i am waiting to enter a bit lower as a retest of the trendline, but it's not bad to start entering now. Stoploss below recent lows and target the next liquidity area, around 0.33.
A possible pull back to the FVG zone and a buy from there till the liquidity above is cleared
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hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
