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GMT's price movement is truly shocking—plummeting from 4.18 all the way down to 0.02, practically jumping from the peak into the abyss. After two years of silence, this once-star coin suddenly shows signs of activity, and the whales seem to have injected a strong boost into this "corpse."
The question is: Is this a normal rotation within the GameFi sector, or are the whales ruthlessly cutting a last wave at the final moment? The market needs to exercise caution in judgment.
From a technical perspective, this looks more like a typical dead cat bounce. The 0.03 level has trapped a large amount of 24-25 year-old trapped positions for two years. The recent rally is likely aimed at inducing more longs to buy in. Many people tend to mistake a dead cat bounce for a revival, but in reality, the risks far outweigh the opportunities. The quick runners have grabbed the scythe, while the slow ones end up as the last chives.
From a short-term perspective, it is recommended to treat this as an air coin with no faith-based bias. The short-selling strategy is quite clear: set TP1 at 0.0195 (to fill the gap), and TP2 at 0.0150 (ultimate retracement target). This approach is based on an analysis of the trapped positions—once the induced long squeeze fails, there is still significant downside potential.
Zombie coins are just zombie coins, this round of liquidation is quite fierce
It's that time of year again to cut leeks, I've already cut ties with zombies like GMT
Trying to scam people into buying at 0.02 and selling at 0.03, do they really think retail investors are blind?
It's obvious, just short and wait for TP1, and it's over
Two years of trapped positions might really be coming out this time, but unfortunately it's not people's money
Holding onto coins like GMT is just a waste of feelings, the fast ones eat meat, the slow ones eat dirt
After the adrenaline shot, it still ends in cooling off, unless there's a new story, otherwise there's no hope
This is probably the final madness of the whales, betting all chips on it
This wave of GMT probably needs to be cut again, don’t be fooled by the rise.
Zombie resurrection? Even if it does, I remain bearish down to 0.015.
If you run slowly, you're the retail investor. I’ve learned my lesson this time.
If you can't hold the 0.03 level, it's a certainty to go down.
The market maker is really ruthless, two years of silence just for this move.
I no longer believe in gamefi, I see it purely as a worthless token.
Belief? I lost it long ago, just shorting.
GMT should have been worth zero long ago. What's with pretending to be revived?
The dead cat bounce has indeed tricked many new investors into entering the market. I feel sorry for them just looking at it.
If those trapped orders at 0.03 haven't been cleared out, just wait to be hammered repeatedly.
The manipulators' tactics are really one after another. Faith and beliefs are useless here.
If you're bearish, just be bearish. No need to fuss—shorting directly is more straightforward.
The story of this coin has long been told. Now it's just a matter of who can run faster.
GameFi has been completely cooled off. Why is GMT still bouncing around here?
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GMT this wave of market movement is just a trap. Don't be blinded by the rise.
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The trapped positions from two years ago are still there. Are they going to be cut again now?
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The 0.03 level is clearly a harvesting zone. Those who can't run out will be cut.
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Bearish thinking is clear. Going down is highly probable.
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Still hoping for a zombie coin to make a comeback? You're overestimating.
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Faith boost? I haven't had that for a long time. It should be treated as a worthless coin.
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Fast forward to 0.015. Let's see how you guys get out of the trap.
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Another story of a celebrity coin falling. There will be more next time.
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The market maker's move was quite fierce, but unfortunately, it didn't have much effect.
GMT has been dead for two years and still trying to scam once more. That's really ruthless.
0.02 can be pumped, how much money does the big player lack...
Avoid it, it's obviously the final frenzy, with poor funding.
This round of recovery is probably a big trap; running away is the right move.
Holding the position for two years, the cutting sound can be heard for a month
0.03 is a scythe level, don't believe in any resurrection theories
Trying to rebound with frozen coins is wishful thinking; shorting is more reliable
If you can't run fast, just wait to be cut; this tactic is too old
This surge in GMT is the last lifeline. If you seize it, you'll make a fortune; if you miss it, you'll suffer heavy losses.
Whether the 0.03 key level can be突破 will determine whether it's heaven or hell afterward.
It all depends on how long the retail investors can hold on.
GMT resurrects and rebounds, thinking of getting up? Dream on. With so many trapped positions, who dares to buy?
Once again, retail investors who have been trapped for two years are about to lose everything.
I favor short positions; once TP1 is broken, it's basically a free lunch.