Technical analysis by cyscalpingvip about Symbol GMT: Buy recommendation (3/19/2025)

GMT/USDT Analysis – 1D Chart (OKX)Support Levels:First support: 0.0501 USDTNext support: 0.0478 USDTKey support: 0.0407 – 0.0401 USDTResistance Levels:First resistance: 0.0953 USDT (Supply Zone)Next resistance: 0.1517 USDTMajor resistance: 0.1974 – 0.2638 USDTEntry 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. 🚀