$GMT REJECTS EMA20 – BEARS TARGET A LIQUIDITY SWEEP BELOW 🔥
Entry: 0.00701 🔥
Target: 0.006955, 0.0069, 0.006845 🚀
Stop Loss: 0.00712 ⚠️
Price tapped the EMA20 on the lower timeframe and reversed immediately — classic structure for a short continuation. The rejection aligns with a higher-timeframe bearish bias, and the current candle is already showing selling pressure below key support turned resistance.
Volume is picking up on the 1H, but the RSI is hovering near oversold levels, creating a potential conflict. Liquidity sits just below recent lows, and a sweep into those targets would complete a clean 1:3 R:R on the first TP. Is this the calm before a breakdown, or will the oversold reading stall the move?
Not financial advice. Always manage your risk.
#GMT #ShortSetup #Bearish #Crypto 🔥