GMT

0.1897

-7.82%

I present the technical analysis of the digital currency GMT/USDT as follows:

1. Support points:

1st support: 0.1701

2nd support: 0.1266

2. Resistance points:

1st resistance: 0.2204

2nd resistance: 0.2639

3. Current trend:

The currency is in a correction after a clear upward wave, but is still within a bearish range in the medium term.

4. Buying:

Initial buying if the price reaches 0.1700 with risk management.

Buying can be reinforced if it stabilizes above the 0.2200 resistance steadily.

5. Targets:

1st target: 0.2200

2nd target: 0.2630

6. Caution:

In case of breaking 0.1700 downwards, the price may head towards 0.1260.

For stop loss, it is preferable to place it below the nearby support points while taking into account risk management. Based on the analysis:

If you buy at 0.1700, place a stop loss at 0.1650.

If you buy when the resistance is broken at 0.2200, place a stop loss at 0.2100.

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