STEPN Analysis , GMT Update ๐๐
Hello traders, what's going on today ?!
Since 28 May 2022, that I posted the last analysis
for GMTUSDT , STEPN has been trading in sideway and range zone , also as I expected it reject by higher red zone and lost the pivot zone for a while but rebounced back up one the positive divergence revealed (OBV and WMACD). (more than 50%๐ฐ (1x)short).
SO today as you see in the Daily timeframe for gmtusdt , it seems after a long consolidation phase its ready to jumps over pivot zone ! so in this case you can take short position on the higher key resistance zone with a proper stop-loss!
anyway you also should consider any bearish scenario for gmt , thus although it can rise it short-term , but in my opinion it will correct more in the long-term perspective, so if it losses the curent pivot zone , in this case it may settle on the lower support and demand zone
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
Since 28 May 2022, that I posted the last analysis
for GMTUSDT , STEPN has been trading in sideway and range zone , also as I expected it reject by higher red zone and lost the pivot zone for a while but rebounced back up one the positive divergence revealed (OBV and WMACD). (more than 50%๐ฐ (1x)short).
SO today as you see in the Daily timeframe for gmtusdt , it seems after a long consolidation phase its ready to jumps over pivot zone ! so in this case you can take short position on the higher key resistance zone with a proper stop-loss!
anyway you also should consider any bearish scenario for gmt , thus although it can rise it short-term , but in my opinion it will correct more in the long-term perspective, so if it losses the curent pivot zone , in this case it may settle on the lower support and demand zone
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
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