GMT/USDT Analysis – 1D Chart (OKX)

GMT/USDT Analysis – 1D Chart (OKX)
Support Levels:
First support: 0.0501 USDT
Next support: 0.0478 USDT
Key support: 0.0407 – 0.0401 USDT

Resistance Levels:
First resistance: 0.0953 USDT (Supply Zone)
Next resistance: 0.1517 USDT
Major resistance: 0.1974 – 0.2638 USDT

Entry Points:
If the price holds above 0.0501 USDT, it may be a potential long entry opportunity.
A breakout above 0.0953 USDT could lead to a further move towards 0.1517 USDT.
If the price drops below 0.0478 USDT, selling pressure may increase.

Risk Assessment:
If the price falls below 0.0401 USDT, it could drop further to 0.0107 USDT.
Stop-loss should be placed below 0.0401 USDT.

Trade Conditions:
GMT is in a strong downtrend but currently forming a potential bottoming structure.
If it breaks above 0.0953 USDT, there could be a bullish reversal.
If it fails to hold 0.0501 USDT, the downtrend may continue.

📌 Summary:
GMT is at a crucial support zone. If it holds above 0.0501 USDT, it could attempt a bullish recovery. However, if it fails to break above 0.0953 USDT, further downside movement is possible. Watch price action closely before making a decision. 🚀