$GMT Market Alert!
Long Liquidation Spikes: A massive $12.779K wiped out as $GMT drops to $0.1506. Bears have taken control, pushing prices lower.
What’s Next for GMT?
This dip could offer a strategic buying opportunity for those who plan carefully. Here's a detailed plan:
Buy Zone:
Accumulate between $0.14 - $0.15 for an optimal entry point.
Targets:
1. $0.165 (short-term bounce).
2. $0.18 (medium-term target if momentum builds).
3. $0.20 (long-term target if recovery strengthens).
Stop Loss:
Place a stop loss at $0.135 to limit potential losses if the bearish trend continues.
Key Insights:
Oversold Conditions: Indicators suggest a possible bounce from the current zone.
Resistance Levels: Watch for rejection at $0.165; breaking it could signal a trend reversal.
Market Sentiment: Negative sentiment prevails—trade cautiously.