$GMT 30 hit a new high today.
24h +27.3%, current price 0.00998, previous high 0.0097.
From a chart-structure perspective, a new high means less overhead selling pressure from holders who bought at higher prices, so short-term resistance is relatively light. However, if the price quickly falls back below the previous high, beware of a false breakout. Will the market turn soon?
#GMT
This is not a recommendation. Make your own trading decisions.
24h +27.3%, current price 0.00998, previous high 0.0097.
From a chart-structure perspective, a new high means less overhead selling pressure from holders who bought at higher prices, so short-term resistance is relatively light. However, if the price quickly falls back below the previous high, beware of a false breakout. Will the market turn soon?
#GMT
This is not a recommendation. Make your own trading decisions.