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$GMT just had a massive breakout
Price shot from 0.01506 up to 0.01708 on a huge volume spike of over 2 billion. That kind of candle screams buying pressure and probably a ton of shorts getting wrecked. Volume's calmed down a bit since then but still looks solid, so the move feels legit.
On the capital flow side, it's mixed. Short-term (1H/4H) we've got some outflows (-327k and -395k), looks like a little profit-taking after the pump. But zoom out to 6H/8H/24H and inflows are positive (+212k and +162k). Spot flows are mostly negative too—classic retail selling into strength, which often sets up the next leg up in a strong trend.
My overall setup
$GMT : Cautiously bullish. The macro picture is beautiful—perfect MA alignment, MACD crossover, and that super negative funding rate is basically short-squeeze fuel waiting to ignite. But right now it's overbought as hell (RSI screaming, price hugging the upper Bollinger Band), so chasing this thing would be risky.
*What I'm watching for entry
$GMT Don't FOMO in at these levels. Wait for a healthy pullback to the support zone. Best spots are around the MA5 (~0.01591) down to Support (~0.01505). If it dips there and bounces, that's my sweet spot. Or if it reclaims 0.01650 after a shakeout, that could confirm the bulls are still in control.
Stop-loss: just below Support (0.01505) or safer, under the MA20/MA120 area near 0.01480.
Targets: First take some off at the recent high (0.01790), then aim for resistance around 0.01842.
Trend's still strong, but patience pays here. What do you guys think—dip coming or straight to the moon?
#gmt #GMTUSDT #GreenMetaverseToken