$GMT /USDT Retracement Phase: Bounce Incoming? š
GMT is currently trading at $0.2229, down from a daily high of $0.2479, showing a significant retracement after a strong surge of 17.87%. The price is now testing a critical support zone, presenting an opportunity for a rebound or further correction.
Trade Setup:
Entry Zone: $0.2220 - $0.2240
Target 1: $0.2300 (immediate resistance)
Target 2: $0.2400 (retracement high)
Stop Loss: $0.2150 (below key support)
Look for buying signals near $0.2220 with confirmation of increasing volume for a potential bounce. Manage your risk as market sentiment remains volatile after this correction.