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$GMT
GMT has just had a strong breakout (pump) from the bottom of 0.010020 USDT to the current price of 0.010884 USDT (+8.02%) with a spike in the trading volume column, showing that the buying force is very strong.
Positive points to BUY:
• Short-term trend reversal: The green candle sets a new peak at 0.011394 USDT, breaking the previous bearish structure and cutting up all important MA lines (MA5 to MA120).
• Strong cash inflow: Buying volume soared in the nearest candle confirming that the Bus are absolutely dominant.
Trading strategy (Short-term):
• No FOMO chasing at the current price because the candle has a long beard above (short-term profit-taking pressure).
• BUY (Buy Entry): Wait for the price to adjust (retest) to the support area of 0.010400 - 0.010500 USDT (the intersect of MA lines).
• Profit target (TP): 0.011400 USDT (old peak) and further than 0.012000 USDT.
• Stop loss (SL): Below the area of 0.010000 USDT (the nearest bottom).
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