GMT – Potential buying timing!
BYBIT:GMTUSDT
4H trend chart
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GMT is converging and approaching to the downtrend line(resistance) currently.
If price can break out the downtrend line, trading strategy as below.
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Profit Targets:
a) 2.7093—–Blue horizontal ray
b) 3.1341—–Fib(1)
c) 3.7059~3.9731—–Fib(1.272~1.382)
d) 5.2362—–Fib(2)
Stop losses:
a) 2.0126—–Red horizontal ray
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