$GMT /USDT — wick killed the momentum. fast.
Saw a fast push to 0.01288... rejected hard. Price is at 0.01214 now. Support sits around 0.01173 where the 25 EMA is. Structure is messy after that heavy rejection candle.
Pump brought the crowd. Fast drop shows zero trust. Late buyers are trapped up top. Looks like a liquidity grab for now. If buyers cant hold a base here... it goes lower. Bringing people in is easy. Keeping them? That is the hard part.
Trade LONG
Entry: 0.01180
SL: 0.01120
TP1: 0.01250
TP2: 0.01280
TP3: 0.01320
Wait for 0.01180 to hold. If price drifts through... no trade. Simple as that.
Break below 0.01120 kills the idea. Volume is weak on this bounce. Watch the follow-through.
#GMT #MarketAnalysis #ahcharlie