$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 Iâm keeping the trade selective.
đ Entry: $0.0089 â $0.0093
đ SL: $0.0072
đŻ TP1: $0.0100
đŻ TP2: $0.0118
đŻ TP3: $0.0129
đŻ TP4: $0.0149
đ Stretch: $0.018 â $0.023+
For continuation, I want to see $0.0093â$0.0095 turn into support. That would give the breakout much more credibility.
If price cools first, $0.0083â$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 Iâm keeping the trade selective.
đ Entry: $0.0089 â $0.0093
đ SL: $0.0072
đŻ TP1: $0.0100
đŻ TP2: $0.0118
đŻ TP3: $0.0129
đŻ TP4: $0.0149
đ Stretch: $0.018 â $0.023+
For continuation, I want to see $0.0093â$0.0095 turn into support. That would give the breakout much more credibility.
If price cools first, $0.0083â$0.0086 is the cleaner reload area.
Low leverage. Small margin. Multi-week idea.
NFA. DYOR.
