$GMT Latest Market Update 🚀
Long/Short: Consolidating
Entry: 0.008445–0.008535
Stop Loss: 0.008270
Targets: 0.008585/0.008660/0.008755
Analysis Reason: This GMT is just chilling around 0.00849 for a whole day, EMA(0.01) is about to merge into a straight line, crossing over is just lonely, and the whales are just stalling. RSI shot up to 85.7 and they still dare to say play it safe? LOL, the indicators are nearly maxed out while the price is playing dead, longs and shorts are throwing shade at each other but the market feels like it hit pause. There's no trend to hype, just a tight consolidation range. Those betting on a breakout are either getting washed out or getting stabbed, I suggest setting your stop loss at 0.00827; if it breaks, don’t be stubborn, if it holds, just keep watching both sides peck at each other. In this market, whoever can't hold on first will be the one giving away money, I’ve got my snacks ready.
Risk Warning: Suggested stop loss level: 0.008270, please adjust your position based on your risk appetite
#GMT
Long/Short: Consolidating
Entry: 0.008445–0.008535
Stop Loss: 0.008270
Targets: 0.008585/0.008660/0.008755
Analysis Reason: This GMT is just chilling around 0.00849 for a whole day, EMA(0.01) is about to merge into a straight line, crossing over is just lonely, and the whales are just stalling. RSI shot up to 85.7 and they still dare to say play it safe? LOL, the indicators are nearly maxed out while the price is playing dead, longs and shorts are throwing shade at each other but the market feels like it hit pause. There's no trend to hype, just a tight consolidation range. Those betting on a breakout are either getting washed out or getting stabbed, I suggest setting your stop loss at 0.00827; if it breaks, don’t be stubborn, if it holds, just keep watching both sides peck at each other. In this market, whoever can't hold on first will be the one giving away money, I’ve got my snacks ready.
Risk Warning: Suggested stop loss level: 0.008270, please adjust your position based on your risk appetite
#GMT