Rare pattern on GMT! Ready?๐Ÿš€

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.

๐Ÿ“ŠKeep 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.
๐Ÿ“ŠGMT: are the runners return? 2 targets for long!


Now we can confirmโœ… 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.

๐ŸšฉThe value area of $0.77-0.85 should become the support for the GMT.

๐Ÿ“ŠPreconditions to open a long:
๐Ÿ”ฅfalse breakout of the triangle
๐Ÿ”ฅvolume growth at a local bottom
๐Ÿ”ฅsqueeze to the top boundary
๐Ÿ”ฅbullish BTC help reach the targets faster

The targets:
๐Ÿ”ถ $1.10 - key level
๐Ÿ”ถ $1.34-1.44 - value and reistance area

๐Ÿ’ปFriends, press the "like"๐Ÿ‘ 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.
ADABTCBTCUSDTdogeETHGMTGMTUSDTMultiple Time Frame AnalysisSOLstepnSupply and DemandSupport and Resistance

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