GMT's recent trend is worth paying attention to. That large bearish candlestick dropping to 0.01639 led many to think it was a signal of further decline, but the subsequent movement clearly shows it was a shakeout. Now it has been consecutively closing higher, with trading volume also cooperating well, indicating that the main force's entry intention is very clear.
This continuous engulfing bullish candlestick pattern generally signals that a strong upward trend is about to unfold from a technical perspective. The shakeout phase has basically been completed, and the concentration of chips is increasing. From the current price position, there is still considerable room to the previous high point. If this main upward wave can be initiated, the opportunity window for participation may not last too long.
Of course, trading should still be based on your own risk tolerance, but from a technical pattern perspective, it has indeed reached a stage worth paying attention to.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
7
Repost
Share
Comment
0/400
DegenWhisperer
· 10h ago
Accumulation is just accumulation. The rhythm of this GMT wave really hits the spot; the consecutive bullish closes can't fool me.
The main force's intention is right here; it looks comfortable, but just don't get caught up in FOMO.
View OriginalReply0
GateUser-0717ab66
· 10h ago
Oh no, GMT is really doing a shakeout this time. I almost got caught off guard myself.
The main force's tactics are quite slick. The consecutive bullish candles clearly reveal their intentions, and the trading volume is perfectly coordinated—can't be fooled.
There's still room to reach the previous high, so we really need to seize this opportunity.
View OriginalReply0
OffchainWinner
· 10h ago
This round of GMT manipulation is indeed clean, with consecutive engulfing bullish candles looking comfortable. I'm just worried that the main force might be playing false moves again.
I hope the main upward wave really starts soon. Remember not to chase high when that happens, everyone.
View OriginalReply0
GasFeeCrier
· 10h ago
The shakeout is complete and the main force is entering. This wave of GMT is indeed interesting. If you missed the previous dip, is it still possible to jump on now?
View OriginalReply0
NestedFox
· 10h ago
I've talked about the shakeout strategy several times, always saying that the opportunity is coming. But in the end... we still have to see if the subsequent volume can really keep up.
View OriginalReply0
StablecoinArbitrageur
· 10h ago
ngl the volume profile here is actually interesting - that wick to 0.01639 screams textbook redistribution. but honestly? everyone's calling "accumulation" while ignoring the order book depth on dex side...
Reply0
gaslight_gasfeez
· 10h ago
I've heard the phrase "shakeout" so many times. Every time, they say it's going to rise, but it keeps crashing. Will this be just another bluff this time?
GMT's recent trend is worth paying attention to. That large bearish candlestick dropping to 0.01639 led many to think it was a signal of further decline, but the subsequent movement clearly shows it was a shakeout. Now it has been consecutively closing higher, with trading volume also cooperating well, indicating that the main force's entry intention is very clear.
This continuous engulfing bullish candlestick pattern generally signals that a strong upward trend is about to unfold from a technical perspective. The shakeout phase has basically been completed, and the concentration of chips is increasing. From the current price position, there is still considerable room to the previous high point. If this main upward wave can be initiated, the opportunity window for participation may not last too long.
Of course, trading should still be based on your own risk tolerance, but from a technical pattern perspective, it has indeed reached a stage worth paying attention to.