GMTUSDT CMP 0.2447. It is currently showing double bottom on Daily Chart and resistance exactly at .382 retracement. This could be a trend reversal for next rally upside. Watch out levels marked in White and green signals. Risk limited profit unlimited.
Gmt In Bear Trend Approaching Support Get Ready To Long From Support With Sl ,Swing Targets Are Resistance Marked Area ,Scalp Targets Mentioned In Chart Separately. BINANCE:GMTUSDTPERP
KITTY TRADERS
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...
1. Ascending triangle
2. Ascending scallop
3. Bullish Pennant/Symmetric triangle (in bull run)
Market ready for next high with target 4.35-4.5 in coming days.
the price is respecting the resistance every level
would it be the case this time also will we see again rejection in this and short in price from the rejection
i am entering with small amount since the market in fear right now short may be profitable for few days
lets wait and watch
happy trading
