Technical analysis by CryptoNuclear about Symbol GMT: Buy recommendation (9/6/2025)

📝 Market Overview: Since the early 2025 peak, GMT has been in a clear downtrend, consistently forming lower highs along the descending trendline (yellow). Price is now consolidating within a major support zone at 0.0364 – 0.0413, which has been tested multiple times. The structure forms a Descending Triangle: flat support + lower highs. Statistically, this pattern carries a bearish continuation bias, but a reversal scenario is not ruled out if bulls manage to reclaim key levels. --- 🔎 Pattern Significance A Descending Triangle occurs when sellers keep pressing with lower highs, while buyers are forced to defend the same horizontal level. ➡️ Default bias: bearish (higher probability of breakdown, ~60–65%). ➡️ However, a strong breakout above the trendline often triggers a short squeeze, flipping sentiment and leading to a bullish reversal. --- 📊 Bearish Scenario (Dominant Bias) Trigger: 2D candle close below 0.0364 with strong volume. Target: Measured move (0.0485 – 0.0364 = 0.0121). Breakdown projection → 0.0243. Extra confirmation: Failed retest of broken support turning into resistance. Risk: A weak-volume breakdown could lead to a fake-out and quick rebound. --- 📈 Bullish Scenario (Needs Strong Confirmation) Trigger: 2D close above descending trendline and above first resistance 0.0485. Initial targets: 0.0580 → 0.0704. Extended target: 0.1047 if momentum builds. Best confirmation: Successful retest of 0.0485 as new support with increased buying volume. --- ⚖️ Conclusion The 0.036–0.041 zone is a “make-or-break” level for GMT. As long as this support holds, bulls still have a fighting chance. But the descending triangle pattern leans bearish → breakdown towards 0.024 remains a strong risk. Traders should wait for a 2D candle confirmation with volume before committing to either direction. --- 📌 Trading Checklist 1. Focus on 2D candle closes (not intraday wicks). 2. Watch for volume confirmation on breakouts/breakdowns. 3. Prefer setups with retest + rejection for higher reliability. 4. Place stop-loss around invalidation levels (above resistance or below support). 5. Maintain strict risk management (R:R at least 1:2). --- 🔑 Key Technical Levels Main Support: 0.0364 – 0.0413 Resistances: 0.0485 → 0.0580 → 0.0704 → 0.1047 Bearish target (breakdown): ~0.0243 Bullish targets (if breakout): 0.0580 → 0.0704 --- #GMT #GMTUSDT #Crypto #Altcoins #TechnicalAnalysis #DescendingTriangle #Breakout #Breakdown #SupportResistance #ChartPattern