GMTUSDT Daily S/R| VAL| PA Context| Range High
Evening Traders,
Today’s analysis – GMTUSDT- trading above a key support region where a rotation towards the range high is possible,
Points to consider,
- Price Action Impulsive
- Bullish Retest Zone
- VAL Support
- Daily S/R Support
- Range High Objective
GMTUSDT’s immediate price action rejection from its POC and is now finding support at an area that is in confluence with the VAL, Range Low and Daily S/R, allowing for a bullish bias.
The immediate objective is the range high, exceeding this level will mean a larger trend continuation.
Overall, in my opinion, GMTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Today’s analysis – GMTUSDT- trading above a key support region where a rotation towards the range high is possible,
Points to consider,
- Price Action Impulsive
- Bullish Retest Zone
- VAL Support
- Daily S/R Support
- Range High Objective
GMTUSDT’s immediate price action rejection from its POC and is now finding support at an area that is in confluence with the VAL, Range Low and Daily S/R, allowing for a bullish bias.
The immediate objective is the range high, exceeding this level will mean a larger trend continuation.
Overall, in my opinion, GMTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes