$GMT has spent months being ignored now the chart is finally forcing traders to look again.
Price is pushing through its long descending structure while OI is expanding. The caution is that taker flow is still seller-heavy and positioning is already long-biased, so Iโm keeping the trade selective.
๐ Entry: $0.0089 โ $0.0093
๐ SL: $0.0072
๐ฏ TP1: $0.0100
๐ฏ TP2: $0.0118
๐ฏ TP3: $0.0129
๐ฏ TP4: $0.0149
๐ Stretch: $0.018 โ $0.023+
For continuation, I want to see $0.0093โ$0.0095 turn into support. That would give the breakout much more credibility.
If price cools first, $0.0083โ$0.0086 is the cleaner reload area.
Low leverage. Small margin. Multi-week idea.
NFA. DYOR.
Price is pushing through its long descending structure while OI is expanding. The caution is that taker flow is still seller-heavy and positioning is already long-biased, so Iโm keeping the trade selective.
๐ Entry: $0.0089 โ $0.0093
๐ SL: $0.0072
๐ฏ TP1: $0.0100
๐ฏ TP2: $0.0118
๐ฏ TP3: $0.0129
๐ฏ TP4: $0.0149
๐ Stretch: $0.018 โ $0.023+
For continuation, I want to see $0.0093โ$0.0095 turn into support. That would give the breakout much more credibility.
If price cools first, $0.0083โ$0.0086 is the cleaner reload area.
Low leverage. Small margin. Multi-week idea.
NFA. DYOR.
