$GMT /USDT Bearish Breakdown – Liquidity Grab in Progress!

The price has broken below the descending resistance trendline and is currently filling the Fair Value Gap (FVG) below the $0.0520 level. It failed to hold the mid-range support, shifting momentum to the downside and aiming for deeper liquidity levels.

Short Trade Setup:

Entry: Between $0.0520 and $0.0515

Take Profit Targets: $0.0480 and $0.0420

Stop Loss: $0.0555

Market Outlook:

Bearish momentum will likely continue unless the price reclaims the $0.0585 resistance zone. If the current support breaks, we could see a drop toward the $0.0400 demand zone (highlighted in blue).

Pro Tip:

Watch the price action at $0.0500 — a strong rejection here could speed up the downward move.