RLinda ! GMTUSDT ! Pre-breakout consolidation

GMTUSDT breaks through the support of the ascending price channel. Earlier the downtrend showed its development, but after the price stopped at the level of 0.5750, we saw a local uptrend, which most likely played the role of a corrective movement.

After breaking through the support, we see a distributive move downwards, which stops at 0.7628. The price does not retreat from this level, but consolidates and forms a squeeze to this support.

If the pattern is not broken and the price continues to consolidate near the level, it is likely that the fall will continue, but there is a chance of a pullback, which is possible to 0.8448 resistance. I stick to the situation: the price can return under the support level 0.7628 and test the level from below, after which the price can continue falling to the target of 0.5750.

Regards to R.Linda!