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GMTUSDT

Get Ready for Lift-off with GMT! Bullish Cup & Handle Pattern💎 GMT is currently exhibiting a bullish market structure and has formed a cup & handle pattern, which increases the probability of a bullish move. 💎 If GMTUSDT breaks out above the resistant zone, we can anticipate targets until the next resistant levels. In the event of a pullback, we can expect a bounce from the bullish OB, but confirmation via bullish candlestick patterns is essential. 💎 However, if the bullish OB breaks down, it would be prudent to withhold action on GMT and wait for clearer price action to emerge.
by MyCryptoParadise_Nathan
GMT/USDT opportunity to short?GMT has broken its support and even got rejected from this support and resistance upon retesting.(+ double top was also formed in 4H) So if bulls can't break resistance (which was great support once), than it might be time to short GMT. SHORT ENTRY --> Entry price - 3.30 or 3.31 Stop loss - 3.56 Target price - 2.76 (Don't take trades based on this idea, even I don't support my idea) (Do your own analysis) (NOT A financial advice) (High chances of loss if you follow my idea)
Short
by Aayush_Ganjawala
How to Trade an ASCENDING TRIANGLE BREAKOUTSTRUCTURE --> ASCENDING TRIANGLE is a type of consolidation pattern formed after an Uptrend ( Markup Phase). --> ASCENDING TRIANGLE is a triangular pattern with a flat horizontal Resistance on the top and a Trendline that connects atleast two Higher Low swings from the bottom to the top of the Triangle. --> ASCENDING TRIANGLE is considered to be a Bullish Pattern because the Swing Lows are getting shifted Higher signifiying the Sellers loosing the strength . LOGICAL REASON BEHIND THE PATTERN --> As the ASCENDING TRIANGLE is having the flat horizontal Resistance on the top , There are stack of STOP-LOSS-ORDERS just above the horizontal Resistance. When some Strong Buyer punches a heavy buying order, The order Triggers all the STOP-LOSS-ORDERS which were placed above the horizontal Resistance turning the sellers as buyers. --> Seeing the Breakout various New Traders and Algo's place more buying orders and the price tend to move higher. Example --> Take the example of the crypto GMTUSDT . --> Initially the crypto was in the Mark-Up phase. --> Later this crypto entered into the Consolidation phase by making ASCENDING TRIANGLE as the consolidation pattern. --> $0.82 was the horizontal resistance established by this stock. --> The Lows started shifting up from $0.5 to $0.7 to $0.75 showing loss in seller strength . --> The Price started sustaining above the POC (Point of Control) showing buyers strength. --> When Price Breached $0.82 all SL orders were Trigerred and the crypto gave the breakout with volume . --> The price moved higher as new Traders and Algo's placed more buying orders . Target and Stoploss --> Target would be the Depth of the Ascending Triangle, Projected above the Resistance Breakout as mentioned in the Example Screenshot. --> Stoploss would be placed below the Breakout Candle LOW .
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by Roswin-Fernandes
28