💎 GMT has certainly piqued our interest. Currently, GMT is navigating within a descending channel pattern. Historically, GMT has shown a strong rebound upon touching the support trendline of this channel. It then surged upwards, only to face a stern rejection at the resistance level.
💎 Presently, GMT is making another attempt to surpass this local resistance. For potential buyers, it's prudent to await a confirmed breakout above this resistance to avoid potential false breakout.
💎 If GMT successfully breaches this resistance, it could pave the way for an upward trajectory towards the $0.1650 resistance mark. This particular zone is pivotal for GMT; a breakout here could signal a bullish momentum, propelling GMT towards the supply zone.
💎 On the downside, if GMT struggles to break the resistance and faces another rejection, it might retrace back to its key support level.
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