How to avoid✅the BULL trap and make a profit on GMT❓

٢٦ يوليو ٢٠٢٢

GMT is exit🔻the massive value area of $0.9-1.09 which was the support for the price. Now this value area become a resistance and GMT need to accumulate enough power✅to break it and grow higher.

GMT need to make a pullback to trap the long traders (bulls) and collect all the liquidity of retailers.

📊Preconditions to open a long:
🔥the false breakout of the key level $0.8035. The price start to pump if whales collect enough liquidity to open their longs. Additionally, there is the $0.8-0,82 value area which will be support for the price. So the rebounce is highly possible.
🔥the volume growth - confirmation ✅ of the whales` huge purchases
🔥bullish BTC help reach the targets for GMT

🚩After the false breakout the price start to squeeze to the trendline so it will be the good chance to open a trade with clear sl and tp.

The targets:
1️⃣ $1.165 - key level
2️⃣ $1.35-1.426 - value area

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.