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GMT's recent performance has indeed been eye-catching. It surged directly from a low of $0.01563 to $0.01754, then stabilized around $0.01752, with a single-day increase of 10.12%. This is not a sluggish rise but a solid violent rebound.
Let me take a look at what the data reveals. The 24-hour trading volume exceeded 16.87 million USDT, with a trading volume reaching 1.016 billion. During the rally, the trading volume clearly increased, indicating genuine capital involvement. Often, a large volume appears at the lows followed by rapid upward movement, which signals that the main players are pushing the price after accumulating enough. This time, GMT seems to follow this pattern.
From a cycle perspective, it has risen 15.87% over 7 days, showing strong short-term momentum. But looking at longer cycles, it gets a bit awkward—down 1.30% over 30 days, and down 51.60% over 90 days. This indicates that although the recent rebound is fierce, medium-term pressure still exists.
**If you want to participate in this wave, consider this approach for more confidence:**
Don’t rush to chase; wait until it retraces to the $0.01650-$0.01700 range before entering with a small position. This area is the recent key support level, and entering here offers a higher chance of success. The target first phase is around $0.01750; if it moves higher, $0.01800 is also a reference point. If this wave truly breaks previous highs, $0.01850 is not a dream.
How to set stop-loss? Do not let it fall below $0.01630. If it breaks this level, it indicates that the short-term rebound momentum may turn around, and you should consider exiting immediately.
The current straightforward advice: bullish traders, do not doubt—hold firmly above $0.01630; for short sellers, it’s better not to act for now. In such a violent rally, trading against the trend will only lead to market crushing. For long positions, patience is key—wait for a low entry point, don’t chase highs. Only then can you control risks and secure profits more steadily.
Wait for the pullback to buy again; chasing highs just waiting to get crushed.
After dropping so much in 90 days, even a fierce rebound requires caution.
If $0.01630 breaks, I'll exit immediately.
Short-term is aggressive, but mid-term resistance isn't that simple.
A 51% drop in 90 days is a bit scary. No matter how fierce the rebound, it can't turn this market around.
Don't chase highs, it's truly a golden rule. Last time with GMT, I just couldn't resist.
Waiting for a pullback before re-entering is the rational choice. Remember the stop-loss line in your mind.
Now, those who are bullish do have some confidence. As long as the $0.01630 level is well protected, it's fine.
Brothers who are shorting, I really advise you not to touch it. Being crushed isn't worth it.
Small positions are more reliable for entry. Risk control comes first.
Wait, it has dropped 51.60% in 90 days, and you still dare to buy? The risk is a bit high.
Chasing highs definitely shows a lack of judgment. I'll wait for a pullback before making a move.
Entering at the 0.01650 level feels more comfortable, at least I have a clear mind.
Although the short-term momentum is strong, the medium-term pressure is so great that I need to think before acting.
Chasing highs is just asking for death. Better wait for a pullback.
The main players are pushing the market aggressively, retail investors are about to get caught again.
I've seen this trick too many times. Be careful not to get trapped.
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Still daring to chase after a 51% drop in 90 days, truly a brave warrior
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Waiting for a pullback, not chasing the high is correct, but I still chase the high haha
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It's that same pattern of rapid large-volume rises from low levels, I've seen it too many times
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If it can't hold at 0.0163, I'll run; I remember this stop-loss
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Why does it always feel like the rebound disappears quickly when such articles appear?
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Short-term aggressive but medium-term pressure is high, being caught in the middle is the hardest
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It sounds simple not to chase the high, but when it really pulls back, I have no courage to buy in. When will I change this bad habit?
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With such a large trading volume, maybe we should still believe in a wave
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A 51% decline is right there; no matter how fierce the short-term rally, it's all in vain
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Wait for the pullback before entering again, don’t let GMT cut your leeks.
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Violent rebounds are the best way to lure more buyers, but I’m not so sure.
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Stop-loss at 0.01630, easy to say, who doesn’t know that?
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This wave is supported by volume, so a short-term rally is still possible.
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It’s the same story of the main force pushing the market, feels like an overinterpretation.
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Dancing around after a 90-day halving, quite interesting.
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The idea of entering at low levels is correct, just see if you can maintain your mindset.
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The real test is still ahead, don’t get blinded by a rebound.