GMT bear trap🧸💀
I personally got stopped out when I bought GMT at the support, I bought too early and was forced to sell, smart money took my SL so they could hunt my liquidity, for that reason is best to wait for this traps to happen. After this bear trap I think there is more chances for price to break up that key level however we need to wait for confirmation like a powerful breakout and successful retest as support of that broken level, we can expect bullish engulfment, or a bullish hammer candlestick pattern to confirm support has been found. I wont rush this time and I will wait in case smart money wants to trap the bulls in order to place their sell positions and dump the price in other words: false breakout.
Penafian
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