GMT is currently fluctuating between 0.0221 on the 4-hour chart, with the previous high of 0.02368 acting like a barrier. Without sufficient trading volume, it's easy to form a double top or head and shoulders pattern, so this risk needs to be watched.
The key is to see whether MA(7) will break below MA(30)—once it does, a short-term weakening trend is confirmed. Currently, the price is testing the moving averages, and the Bollinger Bands are tightening, indicating decreasing volatility. The midline at 0.022 is a defensive line; if it falls below, it could directly slide down to the lower band around 0.0218.
Pay close attention to volume and price movements. If the price hits 0.02368 and makes a new high but trading volume shrinks, the upward momentum is definitely insufficient; conversely, if during a pullback the open interest increases while the price continues to fall, it’s a clear sign that the bears are quietly gaining strength.
Focus on these four levels: around 0.023 (resistance at the previous high), 0.0225 (where MA(7) and the middle Bollinger Band intersect), 0.022 (lower boundary of the previous platform), and 0.021 (lower band combined with previous support). Don’t ignore MACD dead cross or bullish divergence signals as these indicate momentum shifts.
The main chip zone can still support the current price, but if it breaks downward with increased volume, stop-loss orders may be triggered in a chain reaction. Three practical strategies: 30% chance of a volume breakout above 0.023 targeting 0.025; most likely, trade within the 0.022-0.023 range using grid trading for buy low and sell high; 20% chance of breaking below 0.021 and going short towards 0.020.
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SchrödingersNode
· 35m ago
0.0221 at this level is really stuck; without the right volume, nothing else matters.
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FlashLoanPrince
· 6h ago
Damn, it's another hurdle. When will I finally get past it?
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DeFiCaffeinator
· 01-10 07:57
GMT this wave is indeed awkward; the lack of volume support is just a trap.
MA(7) once drops below MA(30), I will cut losses immediately, I don't want to watch the show.
The Bollinger Bands are tightening with a previous high resistance; if it can't break through, it's time to think in the opposite direction.
The 0.0218 defense line really doesn't need to be rushed; wait and see the volume.
Right now, it's all about grid trading and walking the dog; don't think about a big sweep.
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HashRatePhilosopher
· 01-10 07:48
The shrinking double top is really annoying. Right now, it's a gamble on whether MA will break or not.
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MetaMisfit
· 01-10 07:43
GMT is still playing heartbeat at this stage, I really can't hold on at 0.0221
If the volume and price don't match, who dares to chase? Be careful of a double top dropping suddenly
When the MA crosses, it's time to run; don't wait for a death cross to regret
The Bollinger Bands tightening is the easiest time to crash the market, I see a collapse coming
If I can't hold the line at 0.021, I give up
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VitalikFanAccount
· 01-10 07:37
GMT is still struggling to break through this wave, it feels like it's going to cool off.
GMT is currently fluctuating between 0.0221 on the 4-hour chart, with the previous high of 0.02368 acting like a barrier. Without sufficient trading volume, it's easy to form a double top or head and shoulders pattern, so this risk needs to be watched.
The key is to see whether MA(7) will break below MA(30)—once it does, a short-term weakening trend is confirmed. Currently, the price is testing the moving averages, and the Bollinger Bands are tightening, indicating decreasing volatility. The midline at 0.022 is a defensive line; if it falls below, it could directly slide down to the lower band around 0.0218.
Pay close attention to volume and price movements. If the price hits 0.02368 and makes a new high but trading volume shrinks, the upward momentum is definitely insufficient; conversely, if during a pullback the open interest increases while the price continues to fall, it’s a clear sign that the bears are quietly gaining strength.
Focus on these four levels: around 0.023 (resistance at the previous high), 0.0225 (where MA(7) and the middle Bollinger Band intersect), 0.022 (lower boundary of the previous platform), and 0.021 (lower band combined with previous support). Don’t ignore MACD dead cross or bullish divergence signals as these indicate momentum shifts.
The main chip zone can still support the current price, but if it breaks downward with increased volume, stop-loss orders may be triggered in a chain reaction. Three practical strategies: 30% chance of a volume breakout above 0.023 targeting 0.025; most likely, trade within the 0.022-0.023 range using grid trading for buy low and sell high; 20% chance of breaking below 0.021 and going short towards 0.020.