$GMT Long Liquidation Alert — $2.04K at $0.02991!
The GMT market just witnessed a long liquidation worth $2,041.7, signaling heightened volatility and pressure from bullish traders being forced out of positions.
Current Outlook:
GMT is facing strong resistance near $0.0312, with support holding at $0.0289. The recent liquidation highlights a possible short-term correction, as buyers failed to maintain momentum above the $0.03 psychological mark.
Market Insight:
A sustained break below $0.0290 could trigger further downside toward $0.0275.
Conversely, reclaiming $0.0315 may spark a rebound toward $0.0338, reviving short-term bullish sentiment.
Trading Strategy:
Buy Zone: $0.0285 – $0.0290 (if support holds with volume confirmation)
Sell Zone: $0.0315 – $0.0335 (watch for rejection signals)
Next Move: Monitor liquidations and open interest; renewed buying pressure above $0.031 could flip the trend bullish again.
Summary:
GMT is in a tight range, shaking out leveraged longs. Smart traders should watch for confirmation candles before re-entry — volatility could present a golden opportunity for disciplined players.
#gmt #MarketRebound #TrumpTariffs #StrategyBTCPurchase #BinanceHODLerWAL