$GMT Deep in the Quagmire: Key Support Lost, Downward Risks Like an Arrow on the String!
Recently, $GMT has remained sluggish, with prices continuously hitting new lows. After rising to $0.24, market momentum has gradually weakened, and key moving averages have been consecutively breached. Currently, the price has fallen to near the lower band of the Bollinger Bands, exhibiting a weak oscillating trend, which strongly indicates that further declines may be unavoidable. In the short term, bears firmly control the situation, market sentiment is weak, and downward pressure continues to accumulate. If bulls cannot quickly counterattack, the market is likely to continue exploring the bottom.
Market conditions change rapidly, and opportunities are often hidden in the eye of the storm. Follow Lao Lin for more market insights, and let’s stay one step ahead in our next operation!
