The $GMT /USDT pair is experiencing significant volatility, with a recent long liquidation of $1.4957K at $0.17584. Looking at the chart, the support level is crucial at $0.17, which has held up well so far. If the price holds above this level, we may see a potential reversal. A confirmation of strength, such as a bullish candlestick pattern or increased volume, could lead to a recovery, setting up for a test of higher levels.

The first resistance target lies around $0.185, where the price has previously faced selling pressure. A break above this level would be bullish and could lead the price toward the next target at $0.20. If the market maintains its momentum, further gains towards $0.215 are possible. This level should be watched closely, as it is a strong psychological barrier and could lead to significant profit-taking if reached.

Current momentum is leaning bearish following the liquidation event, but a recovery above $0.175 would suggest a potential shift in market sentiment. Traders should watch for volume spikes and RSI indicators for signs of oversold conditions, which could signal a buying opportunity. A solid breakout above $0.185 would suggest a trend reversal, and prices could continue to climb toward $0.20 and beyond. Keep your trades flexible and adjust based on market movement. #GMTAnalysi s #CryptoStrategy