GMT is consolidating in triangle. Do you know how this pattern work in crypto? First of all the price make a false breakout of one side than return inside the triangle and start to move in opposite direction.
๐Keep in mind this pattern because it happen really often in crypto trading and can increase your profitability.
Check the previous idea where the price move according to my scenario. Read the preconditions to understand why it happen.
Now we can confirmโ the purchases of GMT by the whales using volume indicator. The volumes always growth at the bottom and after the breakout of lower boundary indicator have to confirm it one more time.
๐ฉThe value area of $0.77-0.85 should become the support for the GMT.
๐Preconditions to open a long:
๐ฅfalse breakout of the triangle
๐ฅvolume growth at a local bottom
๐ฅsqueeze to the top boundary
๐ฅbullish BTC help reach the targets faster
The targets:
๐ถ $1.10 - key level
๐ถ $1.34-1.44 - value and reistance area
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
๐Keep in mind this pattern because it happen really often in crypto trading and can increase your profitability.
Check the previous idea where the price move according to my scenario. Read the preconditions to understand why it happen.
Now we can confirmโ the purchases of GMT by the whales using volume indicator. The volumes always growth at the bottom and after the breakout of lower boundary indicator have to confirm it one more time.
๐ฉThe value area of $0.77-0.85 should become the support for the GMT.
๐Preconditions to open a long:
๐ฅfalse breakout of the triangle
๐ฅvolume growth at a local bottom
๐ฅsqueeze to the top boundary
๐ฅbullish BTC help reach the targets faster
The targets:
๐ถ $1.10 - key level
๐ถ $1.34-1.44 - value and reistance area
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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