Rare pattern on GMT! Ready?🚀
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.
📊Keep 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 confirm✅ 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.
🚩The value area of $0.77-0.85 should become the support for the GMT.
📊Preconditions to open a long:
🔥false breakout of the triangle
🔥volume growth at a local bottom
🔥squeeze to the top boundary
🔥bullish BTC help reach the targets faster
The targets:
🔶 $1.10 - key level
🔶 $1.34-1.44 - value and reistance area
💻Friends, press the "like"👍 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.
📊Keep 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 confirm✅ 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.
🚩The value area of $0.77-0.85 should become the support for the GMT.
📊Preconditions to open a long:
🔥false breakout of the triangle
🔥volume growth at a local bottom
🔥squeeze to the top boundary
🔥bullish BTC help reach the targets faster
The targets:
🔶 $1.10 - key level
🔶 $1.34-1.44 - value and reistance area
💻Friends, press the "like"👍 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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