$GMT is pressing right into the top of that descending channel.

This spot has rejected price again and again, so I’m watching this level with extra focus.

They’ve pushed up with higher lows, and that shows buyers are trying to shift the short term mood, but the bigger picture is still heavy unless price blasts clean above this zone.

If GMT gets slapped back from this resistance again, the move toward 0.0165 then 0.0155 becomes the natural drop.

This is where the chart usually shows its real intent, and the reaction here decides everything.