๐ฅFORGOTTEN GAINER: STEPN (GMT) IS ON THE WAY TO NEW HIGHS?
๐ฅ Hi friends! The media activity around Stepn a fall to it's yearly lows, so this is a time fot traders to pay attention to it. The retailers are already wiped out on this 46% dump as the overleveraged traders.
๐ฉ Aditionally, we see how the GMT price move during the double bottom pattern. This pattern calls the swing failure pattern cause the price can't fall/grow after the reaching swing low/high.
GMT already make it 3 times and now we see the 4th. All the targets for GMT will be reached, If BTC make a pullback to 19k. I think that is more than possible.
๐ TRADING PLAN:
๐ฅ long traders liquidation which happen not so far. We can see it on the growing volume bars. Also the short traders who open a trade on this dump will be forced to close their trades in loss. Such activity will push the price higher and higher
๐ฅ squeeze to the trendline before the breakout
๐ฅ bullish BTC is a must have for altcoin growth
๐ฉ The main task of traders is to understand the mood of the whales in different situations. I use DOM and Footprint scalping tools to idenify the big players. I see when they sold during the pump and buy during such "avalanches" like that. So it's very usefull tools.
โ TARGETS:
1. $0.43 - the closest key level
2. $0.57-0.66 - the closest value area and strog resistance
3. $0.92-1.1 - the important value are and even number of $1, which is huge technical resistance
๐ฉ I recommend you to book at least 70-80% of profit at the 2nd target.
Traders, what is your targets for GMT? Write in the comments
๐ปFriends, press the "boost"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
๐ฉ Aditionally, we see how the GMT price move during the double bottom pattern. This pattern calls the swing failure pattern cause the price can't fall/grow after the reaching swing low/high.
GMT already make it 3 times and now we see the 4th. All the targets for GMT will be reached, If BTC make a pullback to 19k. I think that is more than possible.
๐ TRADING PLAN:
๐ฅ long traders liquidation which happen not so far. We can see it on the growing volume bars. Also the short traders who open a trade on this dump will be forced to close their trades in loss. Such activity will push the price higher and higher
๐ฅ squeeze to the trendline before the breakout
๐ฅ bullish BTC is a must have for altcoin growth
๐ฉ The main task of traders is to understand the mood of the whales in different situations. I use DOM and Footprint scalping tools to idenify the big players. I see when they sold during the pump and buy during such "avalanches" like that. So it's very usefull tools.
โ TARGETS:
1. $0.43 - the closest key level
2. $0.57-0.66 - the closest value area and strog resistance
3. $0.92-1.1 - the important value are and even number of $1, which is huge technical resistance
๐ฉ I recommend you to book at least 70-80% of profit at the 2nd target.
Traders, what is your targets for GMT? Write in the comments
๐ปFriends, press the "boost"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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๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
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