Just as the title says, GMT is still the playground of choice. This is interesting as BTC is currently making a sidewards move, as GMT usually pumped when BTC crashed. This is why the sudden pump of GMT caught me off guard. This honestly felt like a part 2 of what I experienced yesterday. I was lucky that it eventually went to the expected TP I placed but it was a very stressful afternoon. As always, anything I mention here is not financial advice but my thoughts and my plans on the tokens discussed.
BTC Situation
Surprisingly, the area of value is holding strong. It is currently moving sideways within the range. This means we just entered a time of uncertainty. This consolidation area will prove to either be the key to a solid breakout or breakdown soon.
My Trades Today
GMT
As mentioned earlier, GMT's uptrend seems to be intact and pretty strong. The chart on the 15 min TF is showing a solid uptrend but there seems to be a rejection at the 2.54 mark but we'll see if it can finally breakout soon. I've got this trade currently up because I'm expecting GMT to do another breakout of the recent Highs.
Tomorrow's Watchlist
GMT
Similar to yesterday, right now GMT is back to being the flavor of the day so most of my attention should go to it. Most of the tokens are currently sideways so I'm not too keen on trading tokens that are consolidating (except for GMT which was my favorite playground for a while)
Credits
- Charts taken from Tradingview.com
- Pictures made using Canva.com