GMTUSDT Daily S/R| VAL| PA Context| Range High

19 בפבר׳ 2023

Evening Traders,

Today’s analysis – GMTUSDT- trading above a key support region where a rotation towards the range high is possible,

Points to consider,
- Price Action Impulsive
- Bullish Retest Zone
- VAL Support
- Daily S/R Support
- Range High Objective

GMTUSDT’s immediate price action rejection from its POC and is now finding support at an area that is in confluence with the VAL, Range Low and Daily S/R, allowing for a bullish bias.

The immediate objective is the range high, exceeding this level will mean a larger trend continuation.

Overall, in my opinion, GMTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

The market can stay irrational longer than you can stay solvent. - John Maynard Keynes