$GMT/USDT - Bearish Trend Appears: Can It Rebound in the Short Term? 📉

📊 Key Levels:

Resistance: $0.0625

Support: $0.0554 (Recent Low)

Current Price: $0.0587. GMT is currently in a downward channel, with prices consistently below previous highs, indicating strong selling pressure.

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📈 Trading Setup:

🟢 Bullish Entry: Above $0.0588

Target 1: $0.0600

Target 2: $0.0610

Stop Loss: $0.0570

🔴 Bearish Entry: If the price breaks below $0.0580

Target 1: $0.0560

Target 2: $0.0555

Stop Loss: $0.0595

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Market Outlook:

GMT is currently in a consolidation phase, and a short-term rebound requires breaking above $0.0588. If successful, it may test the resistance levels of $0.0600 and $0.0610. However, if it continues to break below $0.0580, the risk will further extend downward.

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💡 Risk Management:

Keep risk within 2-3% of total capital for each trade.

Set stop losses to manage market volatility.

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