๐Stepn(GMT) is a (so far) unique combination of a health and fitness app with play-to-earn mechanics.
To make money you need: ๐ฑinstall the app. ๐ buy NFT sneakers. The more expensive the sneakers, the more money you make. ๐run every day. Tokens are awarded for the kilometers you run.
Fundamentally, this is the first project of this kind (Move-to-Earn, M2E), that' s why it has gained so much hype.
๐But lets talk not only about fundamental but about techical analysis.Globally, we can see 2 accumulation zone. It seems to me that after the last consolidation, not all the big players๐ณ realized their profits. The second consolidation is in a smaller range of $3.1-3.5. It is a local price movement, which helps to open additional positions. Consolidation is a price movement in the range, where it is quite easy for a large player๐ณ to accumulate or distribute a position with the manipulations.
๐I always teach you to wait for manipulation before you open a trade, so be careful when the price is testing the trend line. Volumes should rise. That means the big player๐ณ has shown a willingness to buy and the price will continue to rise!
๐ฏI use previous pattern to show you that the history can repeat and we will see the ssame price movement by 70-80%. The target for the price is about $5-5.5 area. A strong signal for continued growth is that at a time when all cryptocurrencies are falling๐ป, this altcoin continues its consolidation and even growth.
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.