$GMT Bulls Lose Ground!
A $1.09K long position on $GMT was liquidated at $0.14916, reflecting a bearish shift that caught over-leveraged bulls off guard. The price drop underscores growing selling pressure, pushing the market into a critical zone.
Key Observations:
Bearish Momentum: The liquidation highlights fading bullish strength, potentially opening the door for further downside.
Support Levels in Focus: A failure to hold support could see $GMT revisiting lower price levels.
GMT Technical Breakdown:
Resistance Level: $0.1550
Support Zone: $0.1450
Momentum: Bearish, with caution advised
Will GMT stabilize near its current level, or is a deeper dip inevitable? Stay tuned for volume and sentiment signals to guide your next trade!