๐น Setup: Price is compressing inside a falling wedge, a pattern that often leads to a bullish breakout. Currently, price is hovering near a strong support zone (~0.011 โ 0.012).
GMT/USDT โ Detailed Weekly Analysis with Key Levels
If we analyze the chart closely, the price is moving in a clear descending channel, where every rally is getting rejected at resistance โ showcasing a strong bearish structure. ๐ป Current Price Zone: The price is now approximately in the support zone of $0.011 โ $0.014 (green area), which has historically been a strong demand zone. โโโโโโโโโโโโโโโโโโ ๐ Bullish Scenario (Bounce Expected): If we get a bounce from here, potential targets are: ๐ฏ Targets: First Target: $0.020 โ $0.023