GMT has successfully broken out of a prolonged falling wedge pattern, surpassing a significant resistance level at $0.22. This level now serves as robust support for GMT's price action. Additionally, a recent breakthrough of the $0.30 resistance level underscores its importance. Despite breaking the lower bands of the Ichimoku Cloud, GMT encounters challenges with the upper bands. However, there are indications of an inverse head and shoulders pattern emerging, suggesting a potential breakout above the Ichimoku Cloud and its neckline. A recent trade signal presented a 60% buying opportunity, resulting in a 21% increase on the four-hour chart. Notably, the analysis emphasizes the resistance posed by a long-term downtrend line and the neckline of the inverse head and shoulders pattern. It is anticipated that GMT will likely break above the neckline rather than descending below the shoulder. #Trading#STEPN$GMT #FET#bitcoinhalving#Memecoins
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GMT
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-6.45%
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