🍔 Technical Analysis: Stepn ( $GMT )
Market Capitalization: $300 million
GMT's chart has formed a fairly narrow consolidation range.
🟡 A classic setup for short-term range trading.
How to trade❔
Scenario 1: Upward Breakout.
Entry on breakout above the upper range boundary.
💬 Stop-loss beyond the nearest local minimum.
💬 Profit target before the nearest resistance levels.
💬 Short-term trade, don't hold long.
Scenario 2: Downward Breakout.
Entry on breakdown below the lower range boundary.
💬 Stop-loss beyond the nearest local maximum.
💬 Profit target before the nearest support levels.
💬 Also a short-term trade
Important: The profit/risk ratio should be at least 2:1.
Conclusion:
GMT provides a classic technical setup. Work strictly from levels, don't try to predict direction.
📈 Open trade with $GMT
GMTUSDT
Perp
0.01635
-2.33%
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