fell below 0.160 do you think it will rise to the resistance 0.155?
Oli_Via
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Bullish
$GMT Price Prediction and Trade Setup: Potential Rebound Ahead
Current Price: $0.1648 24-Hour Range: $0.1642 - $0.1843
Key Levels to Monitor:
Support: $0.1640 (critical for either a bounce or breakdown)
Resistance: $0.1700 (key for upward momentum)
Trade Strategy:
1. Long Entry: If the price rises above $0.1700
Target 1: $0.2250
Target 2: $0.2800
Stop Loss: Below $0.1650
2. Short Entry: If the price drops below $0.1640
Target 1: $0.1600
Target 2: $0.1550
Stop Loss: Above $0.1675
Market Outlook: GMT has been facing consistent downward pressure, but the high trading volume indicates potential volatility. A breakout above $0.1700 or a drop below $0.1640 could signal the next significant market move.
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