2026-01-10 07:28:05

GMT's recent surge has been quite strong, and many people are probably caught firmly in it.

The problem is that the price started to weaken around 0.0235-0.0240, with a long upper shadow followed by a quick drop, which clearly isn't a sign of a breakout. Instead, it looks more like a classic liquidity hunt—sweeping stop-loss orders, trapping chasing funds, and then slamming down.

From the short-term chart, this doesn't look like a genuine resistance breakout but rather a carefully crafted false breakout. The price has now fallen back below the previously clearly rejected area, increasing the likelihood of a pullback.

As long as GMT can't hold above 0.024, the overall trend remains weak. The most realistic move is to continue seeking a bottom downward, returning to the previous support zone of 0.019-0.020. Once there, buyers might re-enter at the right time.

Ultimately, it’s just: no more momentum after the rise, unless the structure shifts to bullish, the downside still has room. This kind of false breakout and pullback rhythm is something the market repeats every day.

GMT0,72%

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RunWithRugs

· 8h ago

It's the same old trick again, really damn annoying. If 0.024 can't break, keep smashing. Wait, did you see? Liquidity hunting happens every day. But this time it really looks like a false breakout, I’m bearish. Those guys chasing the high better be careful.

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AirdropHunter007

· 01-10 07:57

It's that same trick of bluffing again, I knew it It's all about greedy people; those who should get in can't get in 0.024 can't hold, and it's going to be completely over, dropping directly to 0.019 This wave of liquidity hunting is really skillful, retail investors are always the same prey Let's wait for the bottom signal; entering now is just feeding the market GMT is like this, the most honest when it can't move up

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ForkThisDAO

· 01-10 07:55

It's the same old trick again, sweeping orders at high levels is the most smooth. --- The sellers have already run away, and now the buyers are all dumbfounded. --- If 0.024 can't hold, then it really has to see 0.019, no suspense. --- I've seen too many fake breakouts like this, same old套路. --- Liquidity hunting is now a household term, but that's really how it is. --- Is there still hope for GMT to continue this tone? Feels like it's going to cool off. --- Are the people who chased the high now bottom-fishing? Haha. --- No more oil, indeed no more oil. Let's wait for the bottom signal.

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AutumnNightWhispers

· 01-10 07:52

Hold on tight, we're about to take off 🛫

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AutumnNightWhispers

· 01-10 07:50

Hold on tight, we're about to take off 🛫

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AutumnNightWhispers

· 01-10 07:50

Hold on tight, we're about to take off 🛫

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BackrowObserver

· 01-10 07:45

Another move? With such a long upper shadow and still claiming a breakout, isn't this just the prelude to harvesting retail investors? Stop-loss orders have been wiped out, a classic liquidity hunt, the old routine. If 0.024 can't hold, it will continue to fall; let's see if it bottoms out at 0.019-0.020. The guys chasing the high are probably trapped again; I'm just quietly watching the show. There's still room for this wave to go down, don't rush to catch the bottom.

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Layer3Dreamer

· 01-10 07:45

theoretically speaking, if we map this price action through a recursive state verification lens... the liquidity hunt pattern here mirrors what we'd see in cross-rollup arbitrage. that wick at 0.0240? classic bridge function exploit behavior. anyway GMT holders probably getting rekt while the smart contracts do their thing lol

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