Yesterday's article was all about WAVES and LUNA, and how I traded the breakouts. You can check it out here: Breakouts Everywhere! As always, anything I mention here is not financial advice but my thoughts and my plans on the tokens discussed.

Now today was a different story. I checked WAVES and there was some upward movement so shorting it was pretty risky today. However LUNA was a disappointment. I was honestly hoping for a parabolic run, but I think we might see a consolidation for the next few days. Today's main focus is GMT!

GMT

So as a price action trader, I have no idea what GMT is, so I had to do some research. It's pretty cool and based on what I know it's a fitness crypto app? You can check it out on their website here: https://stepn.com/

I do however know for certain that it's a new token that was listed on Binance a few weeks ago. When I noticed that it was the flavor of the day, I knew it deserved my attention!

As we can see in the chart, GMT went on quite a parabolic run. I honestly didn't expect to see such a run coming from an unknown coin (sorry about that). This was to say the least super interesting!

Today I traded this coin, with only RSI and price actions as my basis. Most of my trades had an entry and exit of minutes apart. This is because this coin was extremely volatile today. In order to minimize as much risk, then I used the scalping strategy. For most of my trades I focused on shorting and this was very profitable for me.

Credits

• Charts taken from Tradingview.com and Binance.
• Pictures made using Canva.com