Coin Name: $GMT
Position: LONG
Entry Price: 0.0542
On the 30-minute timeframe, GMT is forming a descending channel—a bullish pattern if a breakout occurs. The price recently tested the upper trendline and is now approaching the lower boundary of the channel. Simultaneously, RSI is moving into the demand zone, which is typically considered buyer territory. If bullish momentum builds from this area, a breakout to the upside could follow.
On the weekly timeframe, the Coinglass liquidity heatmap shows significant liquidity on both sides of GMT. It's likely that GMT will first move lower to sweep the downside liquidity before reversing upward to target the liquidity above. This sequence would align with typical liquidity-seeking behavior in the market.
On the 30-minute timeframe, OTHERS is forming a descending channel and is currently approaching a key support level. RSI is also entering the demand zone, indicating potential buying interest. If OTHERS manages to hold this support, it could trigger a bounce—potentially leading to a rally in altcoins.
Leverage: 5X
Targets:
1st TP 0.557
2nd TP 0.576
3rd TP 0.0615 ( if break the channel )
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$GMT
