💎 GMT is exhibiting intriguing dynamics as we notice a bullish Order Block (OB) beneath the current price level. We anticipate the price to mitigate this OB and subsequently ascend.
💎 The Relative Strength Index (RSI) currently shows a downward trajectory, and trading below the 50-day Exponential Moving Average (EMA) further validates the predicted move. After securing liquidity, the price is expected to gain bullish momentum.
💎The previous demand zone has transitioned into a supply zone, leading to a bearish market movement. However, we have an imbalance and a Bearish OB likely located at the Supply Zone. Therefore, once the buying liquidity is secured, the price is expected to mitigate the bearish OB.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey