The recent 30% surge in STEPN’s $GMT token has captured market attention, tempting traders to jump in. But is now the right time to buy? Not so fast.
The Danger of FOMO
While $GMT’s impressive spike may look like a golden opportunity, chasing the rally without considering key technical factors could lead to losses. A critical trendline remains intact, signaling that the uptrend isn’t confirmed yet. Until $GMT decisively breaks this trendline, the risk of further declines and lower lows looms large.
Why Patience Pays
Reacting impulsively to Fear of Missing Out (FOMO) often leads to costly mistakes. Zooming out and analyzing the broader market signals can prevent missteps. A sustainable breakout above the trendline is essential before considering any entry. Until then, sidelined capital is safer than risking it on a potentially fleeting rally.
Final Thoughts
Not all that glitters is gold. The key to successful trading is discipline, not emotion. Watch the charts closely, and don’t let FOMO guide your decisions. As always, tread cautiously and avoid putting good money after bad.
