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GMT / TETHER Standard Futures

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GMTUSDT.PS trade ideas

GMT/USDT - Accumulating a solid rounding baseSTEPN (GMT) is a fascinating play-to-earn project where you can earn tokens by walking or running. If you want to play, you must purchase special NFT shoes in their marketplace. It's a fascinating project; definitely check it out . At its peak, the app had around 700,000 users . This has collapsed since the bear market started, but the project already showed solid potential for the future. There is no fundamental news to drive the price higher (at least not that I know of). The trade is solely based on price action. I also like the trade idea because there is very little risk involved. The stock markets have climbed significantly, and I believe they are due for a correction ; they would then most likely drag crypto down with it. Therefore, I was looking for a trade with sound risk/reward features. So, as I indicated on the chart, GMT climbed over its 50-day simple moving average while also creating a solid rounding base . The token already started climbing towards the potential entry point (purple line). I suggest setting the stop loss at the same place as the entry or a few cents below that level. There is a high chance of being whipsawed off of the trade, but that is the price to pay for a low-risk trade . The most desirable scenario is a strong breakout on volume where the price would not look back. The closest profit target I identified was 1.5$ (green line) but adjust it as you see fit. The green profit line would give us almost a 30% return . Happy trading! Best wishes, Dollero Exchange
Long
by DolleroTechnology
GMT - Awesome coin for spot, very bullish📈🔥GMT is sexy because: ⭐️ Market is bullish ⭐️ Accumulation is 77 days ⭐️ We are in the end of formation ⭐️ We trapped a lot of bears ⭐️ Had false breakout ⭐️ Formed local level ⭐️ Over VWAP I already bought this coin on spot and expecting nice profit from it. Also, I will try to enter with small stoploss on futures when we will be near the trendline. Remember to fix profit by parts! What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
Long
by Artem_Dishel
8
Ascending Triangle pattern on GMT/USDTHello guys, Today i saw a bullish Ascending triangle on STEPN and i thought it will be a good long setup. first position is when the price hits trend line and goes to resistance area , open your long position between 0.9400 and 0.9600(you can open short position now from 0.9787 to trend line). wait until the price hitting the Resistance area and close your position safely. second position is after break out , open your short position at 1.0000 and close it after hitting the Support zone. it's just an idea , always do your research and analysis. don't forget to follow and boost this idea :) thank you.
Short
by Crypto2021_2021
GMTUSDT SHARK FORMATIONShark The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA. Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
by UnknownUnicorn38199698
1
GMTUSDT Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 1.2 and ~1.35 after first target reached move ur stop to breakeven Stop: ~0.76 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
2