$GMT /USDT BEARISH BREAKDOWN – LIQUIDITY GRAB UNDERWAY!
Price has decisively broken down from the descending resistance and is now filling the Fair Value Gap (FVG) below the $0.0520 level. The failure to hold above the mid-range support has shifted momentum downward, targeting deeper liquidity.
Trade Setup (Short):
Entry: $0.0520 – $0.0515
Take Profit: $0.0480 / $0.0420
Stop Loss: $0.0555
Market Outlook:
Until we see a reclaim above the $0.0585 resistance zone, bearish pressure remains dominant. A further flush into the demand zone around $0.0400 (marked blue) could be next if current support fails to hold.
Pro Tip: Monitor price reaction at $0.0500 – a strong rejection here can accelerate downside momentum.
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