GMT is consolidating in triangle. Do you know how this pattern work in crypto? First of all the price make a false breakout of one side than return inside the triangle and start to move in opposite direction.
ðKeep in mind this pattern because it happen really often in crypto trading and can increase your profitability.
Check the previous idea where the price move according to my scenario. Read the preconditions to understand why it happen.
Now we can confirmâ the purchases of GMT by the whales using volume indicator. The volumes always growth at the bottom and after the breakout of lower boundary indicator have to confirm it one more time.
ðĐThe value area of $0.77-0.85 should become the support for the GMT.
ðPreconditions to open a long:
ðĨfalse breakout of the triangle
ðĨvolume growth at a local bottom
ðĨsqueeze to the top boundary
ðĨbullish BTC help reach the targets faster
The targets:
ðķ $1.10 - key level
ðķ $1.34-1.44 - value and reistance area
ðŧFriends, press the "like"ð 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.
ðKeep in mind this pattern because it happen really often in crypto trading and can increase your profitability.
Check the previous idea where the price move according to my scenario. Read the preconditions to understand why it happen.
Now we can confirmâ the purchases of GMT by the whales using volume indicator. The volumes always growth at the bottom and after the breakout of lower boundary indicator have to confirm it one more time.
ðĐThe value area of $0.77-0.85 should become the support for the GMT.
ðPreconditions to open a long:
ðĨfalse breakout of the triangle
ðĨvolume growth at a local bottom
ðĨsqueeze to the top boundary
ðĨbullish BTC help reach the targets faster
The targets:
ðķ $1.10 - key level
ðķ $1.34-1.44 - value and reistance area
ðŧFriends, press the "like"ð 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.
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