GMT BOOM

🔑 Key Levels:

Support:
0.16330 USDT – the nearest point for a retest.
0.16000 USDT – the main line of defense for buyers.

Resistance:
0.16425 USDT – the current zone that needs to be breached.
0.16643 USDT – the first target after a breakout.
0.16986 USDT – the final target for the long position.

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🚩 Trading Strategy:

Entry Point:
- Consider going long after a confident breakout above 0.16425 USDT, confirmed by volume.

Stop-Loss:
- Place your stop below 0.12100 USDT to minimize risks.

Take-Profit Targets:
0.2643 USDT – the first target where partial profits can be taken.
0.16986 USDT – the final target if the momentum continues.

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📈 Technical Analysis:

The ascending triangle signals growing strength among buyers.
Volume is increasing near the resistance zone, confirming bullish activity.
A retest of 0.16425 USDT before the breakout presents an excellent entry opportunity.

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💡 What to Expect?

If the 0.16425 USDT level is broken, we have every chance of seeing a strong upward move. However, if bears maintain their resistance, a pullback to support at 0.16000 USDT is likely. What’s your take? Share your ideas — collective wisdom always wins! 🚀