🔥 $GMT Short Liquidation Alert 🔥

A massive $6.0073K short liquidation just happened at $0.14486 for $GMT! Liquidations like this often spark bullish momentum, as shorts scramble to cover their positions. This could lead to a strong price surge. Let’s break down the next steps for a winning strategy.

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What’s Next?

Short liquidations can cause rapid price jumps. It’s essential to stay alert and watch for clear signs of strength before jumping in.

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Buy Zone:

👉 $0.140 - $0.145

This is the support zone to watch. If the price holds above this area, it could be a solid entry point for a bounce.

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Targets:

🎯 Target 1: $0.150 (Quick resistance level)

🎯 Target 2: $0.155 (Next significant price hurdle)

🎯 Target 3: $0.160 (Strong profit-taking zone)

Take partial profits at each target to lock in gains as the price moves up.

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Stop Loss:

⛔ $0.135

Place your stop-loss just below the buy zone to limit potential losses in case the price reverses.

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Trading Strategy:

1. Wait for Confirmation: Look for bullish candlesticks or a spike in volume near the buy zone. This will confirm buying pressure and a possible upward move.

2. Scale In: Enter with a small position and increase it if the price continues to show momentum toward the targets.

3. Stick to the Plan: If the price drops below $0.135, exit and reassess the market conditions.

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🚨 Important Reminder: $GMT is currently in a volatile phase after this short liquidation. Stay disciplined, manage risk carefully, and watch for clear signs of upward momentum. Liquidations can create major opportunities if you stay alert!

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