PRO_SMART_Trader

STEPN Analysis , GMT Update πŸ“ˆπŸ“‰

BINANCE:GMTUSDT   GMT / TetherUS
Hello traders, what's going on today ?!

Since 28 May 2022, that I posted the last analysis
for GMTUSDT , STEPN has been trading in sideway and range zone , also as I expected it reject by higher red zone and lost the pivot zone for a while but rebounced back up one the positive divergence revealed (OBV and WMACD). (more than 50%πŸ’° (1x)short).


SO today as you see in the Daily timeframe for gmtusdt , it seems after a long consolidation phase its ready to jumps over pivot zone ! so in this case you can take short position on the higher key resistance zone with a proper stop-loss!
anyway you also should consider any bearish scenario for gmt , thus although it can rise it short-term , but in my opinion it will correct more in the long-term perspective, so if it losses the curent pivot zone , in this case it may settle on the lower support and demand zone



✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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πŸ‘‰This analysis is my personal opinion ,not a financial advice ,so do your own research.
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