GMT is forming a clear falling wedge with price compressing toward the wedge support near 0.013–0.011. This structure typically signals selling pressure exhaustion, especially after a prolonged downside move.
Price is currently reacting from the lower boundary of the falling wedge, suggesting buyers are stepping in. A confirmed breakout above wedge resistance can trigger a upside move, with first targets around 0.019–0.020, followed by higher continuation if momentum builds.
If price breaks and closes below 0.011, this bullish setup will be invalidated.
Price is currently reacting from the lower boundary of the falling wedge, suggesting buyers are stepping in. A confirmed breakout above wedge resistance can trigger a upside move, with first targets around 0.019–0.020, followed by higher continuation if momentum builds.
If price breaks and closes below 0.011, this bullish setup will be invalidated.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.