GMT maintained an uptrend over the last two trading days, however, after touching the daily high around 0.0218, it began to pull back, indicating that upward momentum is gradually weakening.

From a larger timeframe perspective, on the four-hour chart, each rebound is accompanied by obvious pullbacks. This repeated roller-coaster movement indicates that bullish strength is clearly fading. Moreover, even when launching a counterattack, the upside space is being compressed significantly.

The shorter one-hour cycle is even more telling — after the price decline, there is simply no rebound momentum, exhibiting a completely powerless state. These signals combined together all point in the same direction.

From a technical standpoint, this is indeed a high-risk area that requires close attention to subsequent price action confirmation.