One more chance to buy GMT🚩cheaper

GMT is going to test the bottom trendline for the 4th time which is not good for long traders because support become weaker with each test. So the break down is really possible but what is good in current situation?

📊 I think that after the break down the GMT return above the trendline so fast because:
1️⃣ the crypto is to close to market bottom and a lot of retail traders already sell thair crypto and proce can`t fall lwer if no one sold cheaper and cheaper.
2️⃣ the whales will have enough liquidity to collect if price break the trendline down and collect the sl. The whales buy enough GMT to their longs and will be ready to sell their crypto higher and higher.

📊 Preconditions to open a long:
🔥 false breakout (return the price above the trendline)
🔥 volume growth - confirms the whales purchase
🔥 bullish BTC help reach the targets for GMT much faster

🚩After this the price can squeeze to the local trendline and we can open our longs✅on it`s breakout or during the test of the trendline as support. In any case i will show you it in the next ideas.

The targets:
1️⃣ $1.16 - key level, local highs
2️⃣ $1.35-1.44 - value area, strong resistance

🚩Friends, what is your scenario for this altcoin and BTC? Write in the comments!

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.