Technical analysis by DewyCandles about Symbol GMT: Buy recommendation (5/16/2024)

GMT (SETPN) COLD BE ON THE RISE AGAIN I called for super bullish market for GMTUSDT sometime last year it happened but not the was I predicted it, however, the chart is becoming clearer for my prediction which brings me to this right now. I fee STEPN will take off very soon and I love this setup because it give me that deal breaker we don't always get which is the fact that this last move down is an Ending Diagonal of a wave 5 of a wave C which represents the wave 2 if truly this is going to be a bullish market for GMT after all we have only seen 30% retracement from -90% drop from All Time High Now is the best time to take position while the invalidation level is clearly on the chart (red dotted line) at $0.1758. This presents at least a clean 10 risk reward if it plays out. $0.65 is the nearest target while $2 is not an exception. PREVIOUS ANALYSIS OTHER ANALYSIS ACAUSDT PEOPLEUSDT USDJPY USDJPY