Huge $GMT Short Liquidation Alert!
$GMT just witnessed a massive short liquidation worth $28.205K at $0.10202, signaling intense buying pressure as bears are forced to close their positions. Could this spark a breakout, or is it a trap? Let’s dive into the details!
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What’s Next for $GMT?
This liquidation shows bullish momentum gaining traction. If holds above key levels, a significant upward move could be on the horizon. However, volatility remains high, so caution is advised.
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Key Levels to Watch:
Buy Zone: $0.100 - $0.102 (ideal entry range if support holds).
Target 1: $0.110 (short-term resistance).
Target 2: $0.120 (potential breakout zone).
Stop Loss: $0.097 (to protect against a reversal).
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Simple Trading Strategy:
1. Wait for Confirmation: Ensure $GMT holds above $0.102 before entering.
2. Accumulate Gradually: Buy within the Buy Zone, but use a tight Stop Loss at $0.097 to manage risk.
3. Profit Targets:
Take partial profits at $0.110 for a quick gain.
Hold for $0.120 if momentum builds.
for Success:
Watch Volume: Rising volume above $0.102 signals strong buyer activity.
Avoid FOMO: If $0.100 fails, wait for a better entry point at lower levels.
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