$GMT /USDT Trade Setup (Momentum: Recovering Bullish) šš
Current Price: 0.0593 USDT
Timeframe: 1H ā°
Sentiment: Bullish Recovery in Progress ā
GMT has shown a 3.49% gain, recovering from a recent low of 0.0487. Strong volume (1.16B GMT) and a bounce from support sugget potential upside if key resistance levels break.
Long (Buy) Setup š¢
Trigger:
Price closes above 0.0605 on the 1H timeframe with volume.
Entry Zone: 0.0605 ā 0.0615
Stop Loss: 0.0565 ā
Targets:
TP1: 0.0628 šÆ (Recent High)
TP2: 0.0650 šÆ
TP3: 0.0680 šÆ
Sentiment: Bearish Below Support ā ļø
If GMT breaks below the 0.0540 zone, it may revisit the 0.0500 or even lower areas. A rejection at resistance without strong volume could also turn momentum bearish.
Short (Sell) Setup š“
Trigger:
Price breaks below 0.0540 support.
Entry Zone: 0.0535 ā 0.0520
Stop Loss: 0.0565 ā
Targets:
TP1: 0.0505 šÆ
TP2: 0.0480 šÆ
TP3: 0.0450 šÆ
$GMT š
My Opinion š¬
GMT is bouncing back with good volume, and if the price holds above 0.0600, we might see a push toward 0.065+. However, be cautious of false breakouts ā strong confirmation is key. A breakdown below 0.054 could invite bears back in.
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