#GMT/USDT - Long - Potential 26%

Strategy: Long
Exchange: BYBIT
Account: Spot
Entry mode: Market order in range
Invest: 5%
Exit:
• Target 2 : 0.4265 26.78%
• Target 1 : 0.3724 10.7%
Entry: 0.3364 ⌁ 0.3364
• Current market price: 0.3364
Stop: 0.2918 (-13.26%)

Technical indicators:

Trendbreak and nascant uptrend forming. I'm putting my TP's at the median and 0.5 deviation of the uptrend and SL below the 2955 support. This is the second attempt to break the 3164 resistance and I'm banking on the last break at the back end of November clearing out the overhead sells.

BTC OI dominance is falling and alts have had a nice run, hopefully this filters through to the smaller caps like GMT that are building their own uptrends.

What do you think?


• ⎿ 24h Volume: 2448101.735037
• ⎿ Satoshis: 0.3364
• ⎿ Analysis: TradingView