🚨 $GMT Short Liquidation Alert! 🚨
🔥 $5,080.2 worth of shorts liquidated at $0.1414! The bulls have made their move, forcing the bears to cover. Is this the start of a rally, or will the price cool off? Let’s analyze and plan the next steps.
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Current Analysis
Price Action: Short liquidations show strong upward pressure, but the market could still test lower levels.
Market Sentiment: A bounce is likely, but resistance at higher levels may slow momentum.
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Trading Plan
Buy Zone:
Look for entries between $0.1350 - $0.1400.
(Wait for slight pullbacks to get the best entry point.)
Targets:
1. Target 1: $0.1500
2. Target 2: $0.1575
3. Final Target: $0.1650
Stop Loss:
Set a stop loss at $0.1300 to minimize risk.
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What to Watch For
1. Break Above $0.1450: A strong sign the rally will continue.
2. Support at $0.1350: If this level holds, it could signal a solid foundation for the next move.
3. Volume Spike: Look for high buying activity to confirm bullish momentum.
$GMT is heating up—don’t let this opportunity slip! Stick to your plan, manage your risk wisely, and trade smart. The market waits for no one—good luck!
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