📊 Short-Term Trading Strategy (15–30 Minute Chart) for $GMT

🔍 Market Overview

Current Price: $0.0607

24H Change: +5.5%

24H Range: $0.0569 – $0.0627

Trend: Moderate bullish momentum

⚙️ Entry Strategy

🔼 Breakout Entry

Condition: If GMT breaks above the recent high of $0.0627 with strong volume, consider entering a long position.

Confirmation: Look for bullish candlestick patterns and increasing volume on the 15–30 minute chart.

🔁 Pullback Entry

Entry Zone: $0.0580 – $0.0590

Confirmation: Wait for a bounce from this support zone with bullish reversal patterns before entering.

🎯 Take-Profit Targets

TP1: $0.0650

TP2: $0.0680

TP3: $0.0700

🛑 Stop-Loss Placement

Breakout SL: Below $0.0600

Pullback SL: Below $0.0570

📊 Technical Indicators

RSI: Monitor for overbought conditions above 70, which may indicate a potential pullback.

MACD: Look for bullish crossovers to confirm upward momentum.

Volume: Increasing volume on upward price movements can confirm the strength of the trend.

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact $GMT 's price.