$GMT /USDT Analysis: Falling Wedge Pattern on Weekly Chart

STEPN ($GMT ) is currently forming a falling wedge pattern on the weekly timeframe—a bullish reversal setup.

While bearish pressure persists due to capital flow into Bitcoin, a breakout above the wedge could signal the start of a significant bullish momentum.

Key Levels to Watch

1. Buy Zone: $0.18 - $0.22

This range offers an ideal entry point while GMT consolidates within the wedge.

2. Targets After Breakout:

First Target: $0.44

Second Target: $1.12

3. Stop-Loss: $0.16

Place a stop-loss below the recent low to reduce downside risk in case of further bearish pressure.

What to Expect Next?

If GMT breaks above the falling wedge:

1. Volume Confirmation: A noticeable increase in trading volume will confirm the breakout.

2. Close Above $0.25: A weekly close above this level will likely trigger a rally toward the first target.

3. Momentum Indicators: Monitor RSI for a breakout above 50 and a bullish MACD crossover to strengthen the bullish case.

Risk-Reward Analysis

Risk: $0.06 per unit (entry at $0.22 with stop-loss at $0.16).

Reward: Up to $0.90 per unit (target at $1.12).

Risk-to-Reward Ratio: 1:15 – an exceptional opportunity for risk-conscious traders.

Important Notes

Falling wedge patterns are highly reliable for predicting upward momentum, especially on higher timeframes like the weekly chart.

Watch Bitcoin’s price action, as broader market sentiment could impact GMT’s breakout potential.

Use a trailing stop-loss strategy after the breakout to lock in profits as $GMT moves toward higher targets.

#SolvProtocolMegadrop #BinanceAlphaAlert #BTCBelow92K #MicroStrategyStockSale #DEXVolumeRecord