The recent surge on $GMT has cooled into a tight consolidation, which is exactly what strong moves tend to do after an impulsive leg. Instead of giving everything back, price is holding its ground and respecting the breakout area, showing that buyers are still present.

This pause looks more like digestion than exhaustion. If momentum rebuilds, the next push can come quickly, especially with volume already expanded on the prior move. As long as support holds, the bias on $GMT stays tilted toward continuation rather than reversal.

Trade Setup

Entry: 0.0210 – 0.0218

Targets: 0.0235 / 0.0250 / 0.0275

SL: 0.0202