$GMT Analysis - Bearish Momentum Confirmed
As anticipated, $GMT has entered a bearish phase, breaking support levels. The price has dropped to $0.1594, marking a decline of 5.06% over the last 24 hours.
Key Levels:
Current Price: $0.1594
Support Zone: $0.1580
Resistance Zone: $0.1741
Observation:
The consistent lower highs and extended red candles indicate selling pressure dominating the market. Traders should exercise caution, as $GMT may test lower levels if the $0.1580 support fails.
Next Steps:
Potential Targets: Look for $0.1500 in case of further drops.
Risk Management: Consider tightening stop losses or scaling out if already shorting.
Stay informed and trade wisely!