$GMT /USDT: Massive Surge – Is $0.25 Just the Start?
$GMT /USDT has shown a remarkable 55.34% increase, breaking above key resistance levels. With strong bullish momentum, the market is eyeing potential higher targets.
Current Price: $0.2327
Key Targets:
1. First Target: $0.2479 (Recent high, immediate resistance)
2. Second Target: $0.2600 (Psychological level)
3. Third Target: $0.2800 (Extended bullish continuation)
Key Technical Insights:
Volume Surge: Over 1.29B $GMT traded in 24 hours, signaling strong interest.
Moving Averages: MA(7) and MA(25) indicate continued short-term strength, while MA(99) supports a broader bullish outlook.
Support Levels: $0.2236 offers immediate support for potential pullbacks.
Trading Strategy:
Entry Zone: Consider positions near $0.2250-$0.2300 for optimal risk-reward.
Profit Booking: Partial profits at $0.2479 and $0.2600, holding for $0.2800 if momentum sustains.
Stop Loss: Tighten below $0.2200 to minimize risk.
Monitor for strong volume and market sentiment to confirm a breakout above $0.2479.