GMT has maintained an uptrend over the past two trading days, however, after touching a daily high around 0.0218, it began to pull back, indicating that upward momentum is gradually weakening.
From a larger timeframe perspective, each bounce on the four-hour chart is accompanied by obvious pullbacks. This repeated rollercoaster movement suggests that the strength of the bulls is noticeably declining. Moreover, even when initiating counterattacks, the upside space is compressed quite tightly.
The shorter one-hour cycle tells an even clearer story — after price declines, there is virtually no rebound momentum, with an entirely lethargic state. These signals stacked together all point in the same direction.
From a technical perspective, this is indeed a high-risk area that requires close monitoring of subsequent price action confirmation.
It's starting to look listless again, GMT really seems like it's cooling off this time
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If we can't break through 0.0218, we should probably reduce our position, nothing interesting here
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The bulls are getting weaker and weaker, even the rebounds have no momentum, looks like it's about to drop
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The one-hour chart says it all, it's really dangerous here, I'm going to wait and see
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Can't handle this roller coaster movement, better wait for confirmation before making a move
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Not touching this high-risk area, there are plenty of other coins anyway
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Every time the rebounds are weak, feels like we're about to enter a downtrend channel
GMT has maintained an uptrend over the past two trading days, however, after touching a daily high around 0.0218, it began to pull back, indicating that upward momentum is gradually weakening.
From a larger timeframe perspective, each bounce on the four-hour chart is accompanied by obvious pullbacks. This repeated rollercoaster movement suggests that the strength of the bulls is noticeably declining. Moreover, even when initiating counterattacks, the upside space is compressed quite tightly.
The shorter one-hour cycle tells an even clearer story — after price declines, there is virtually no rebound momentum, with an entirely lethargic state. These signals stacked together all point in the same direction.
From a technical perspective, this is indeed a high-risk area that requires close monitoring of subsequent price action confirmation.