Analysis #STEPN: Is it a bullish signal?

GMT has undeniably made its mark on the market's radar. Its recent trajectory shows a successful breakout from the Descending channel, further reinforced by a valid and subsequent retest period.
💎 Observing its chart, one can note that upon retesting the descending channel's resistance trendline, GMT experienced a strong rally, easily breaching the supply threshold. However, its journey does not seem to stop there. While the GMT is yet to undergo a retest after breaking through the supply zone, an optimal trajectory would see it first revisit the demand zone between $0.1760 - $0.1695 before Set your sights on the next strong resistance target at $0.2090.
💎 If GMT ignores this retest and directly breaks above the $0.2090 resistance, it could be poised for a deeper rally, Probability of targeting key supply zone and bearish OB .
💎 On the other hand, the market is unpredictable. A less favorable development could cause GMT to step back into the demand zone. If during this period GMT falters and fails to maintain its position above demand, it could signal a bearish change. This downturn could cause the GMT to fall further, potentially seeking refuge at more fundamental support levels, underscoring the subtle interplay between bullish aspirations and bearish realities in the electricity landscape death.