The 0.01322 level is proving to be a crucial resistance for $GMTUSDT, and I'm seeing a clear sweep of the order block at 0.01273 - this is our entry point for a short.
Technically, the higher time frame is bearish, with the RSI at 49 and virtually no volume coming in, indicating a lack of conviction from the bulls. The SMC score of 5.8/10 also suggests that the smart money is not heavily invested in this trade, making it a more attractive short opportunity. We're seeing an OB+FVG sandwich zone, which is a classic short setup.
Here are the trade levels:
- Entry: 0.01273
- Take Profit 1: 0.01043 (RR 2.2x)
- Take Profit 2: 0.00697 (RR 5.4x)
- Stop Loss: 0.01380
I'm watching this trade closely, and I recommend you do the same. The key is to short with a tight stop and target 0.010426 for a quick profit.
Followers, let's ride this short wave and make some profits - remember to always set your stop loss and don't overleverage.
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