$GMT /USDT Technical Outlook - Correction or Opportunity?
Support Levels:
First support: $0.1701
Second support: $0.1266
Resistance Levels:
First resistance: $0.2204
Second resistance: $0.2639
Current Trend:
The price remains in a bearish medium-term trend, undergoing correction after a prior upward wave.
Strategy:
Entry 1: Consider initial buying at $0.1700 with a stop loss at $0.1650.
Entry 2: Reinforce positions if the price stabilizes above $0.2200, with a stop loss at $0.2100.
Targets:
First target: $0.2200
Second target: $0.2630
Risk Note:
A breakdown below $0.1700 could lead to further decline toward $0.1260. Ensure risk management is in place.
