$GMT has seen a 2.454% price increase in the last 24 hours, trading between 0.0506 and 0.0485.
Currently, the price is near the upper Bollinger Band at 0.0505, indicating potential overextension and a resistance test.
Support is solid at 0.0485, while a break below this level could lead to further downside.
Volatility appears to be contracting, suggesting a period of consolidation ahead.
A risk management strategy would involve placing a stop-loss slightly below 0.0485.
Traders should consider setting alerts or waiting for a clearer trend before taking action.
