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GMTUSDT.PS trade ideas

GMTUSDT 12H The main thing is to sell Stepn GMT on timeToday we will consider the GMTUSDT trading pair We will say right away that we did not take actions in the euphoria of buying sneakers, so our thoughts below will be as neutral as possible. We are used to making money on short-, medium- and long-term trading speculations, based on what we see on the graph and without reference to the marketing of the crypto project. At least the first wave of hype surrounding the release of sneakers has ended, and now the GMTUSD price chart is undergoing a correction with hints of an upward reversal. Another pamp STEPN token is completely possible , because currently only 10% of the planned volume is circulating on the market. As cruel as it may sound, in order to sell off the remaining planned huge amount of GMT to the "crypto people" - you need to organize growth and large trade volumes, but this is a long and expensive process... For the coming month, we consider one of two scenarios to be the most realistic for GMTUSDT price: 1) Growth from the current price of $0.84 to the liquidity zone of $1.58-1.73 2) continuation of the correction to $0.7, from where the growth in the liquidity zone $1.58-1.73 In the liquidity zone $1.58-1.73, we would advise selling off at least part of the GMT and free up capital for reinvestment in other assets. As can be seen from the trading history of the GMTUSDT pair, during the fall in May 2022, sellers actively sold out twice in this zone. Therefore, for the next month, it is not believed that buyers will be able to pass this zone up the first time. And you can also place a pending order to buy GMT at $0.42 in case of a super-strong downpour of the crypto market. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
30
GMTUSDT 1D CUP AND HANDLE FORMATIONHi If market gets a bounce gmt will be one of the first coin that will make good short time profit. There is a cup and handle formation on 1 day chart with a possible target of 1.4$ If retrace targets are 0.97 -0.94 and 0.84 and if hits 0.84 i think it will hold and a new bounce near to 1$ can be on the way For gmt short to mid term will be around 1$ but long term i think 2-3$ will be price consolidation area. These are just my amateur ideas. Don't take as a financial advice and do your own researcch please
Long
by flymetothemoon2109
9
🔥 GMT Inverse Head & Shoulders: Bullish Break OutLike most alts, GMT has been trading relatively bullish over the last few weeks. During this period, an inverse head & shoulders pattern has emerged on the chart. As of now, GMT is on the verge of breaking out though the neck-line. Classically, this could indicate that a strong volatile move is coming. If we can close the day above $1 I think that the likeliness of this pattern playing out bullish will increase by a lot. Targets placed at recent tops in blue.
Long
by FieryTrading
5
📊GMT: are the runners return? 2 targets for long!Hi friends! GMT is looking bullish, isn`t it? STEPN follow my previous bullish scenario! Now we see the continuation of this movements! 🚩Check it! The price make a deep pullbach and trapped long traders which open longs at new local highs. It`s the first precondition for the next growth. Additionally, GMT returns fast to the huge value area which was strong resistance and start squeeze below it. It`s additional bullish signal of bull strength. Remember about short traders who awere goin to short GMT to 0. They are all trapped now and can become the fuel for next pumps. Also i can add 2 targets: 🔶 $1.10 - key level 🔶 $1.34-1.44 - value area All this growth possible because of the BTC growth and it`s correlation with SnP500 whick is also have local recovery after dump. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko