GMX (f.k.a. Gambit) lost 100EMA support and got rejected after pulling back to it, bearish continuation would make sense.
⚡️⚡️ #GMX/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.2X)
Amount: 5.0%
Current Price:
72.890
Entry Zone:
74.345 - 77.445
Take-Profit Targets:
1) 67.335
2) 60.890
3) 54.450
Stop Targets:
1) 83.055
Published By: @Zblaba
GMX #GMXUSDT #Gambit #Derivatives #DEx
gmx.io/
⚡️⚡️ #GMX/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.2X)
Amount: 5.0%
Current Price:
72.890
Entry Zone:
74.345 - 77.445
Take-Profit Targets:
1) 67.335
2) 60.890
3) 54.450
Stop Targets:
1) 83.055
Published By: @Zblaba
GMX #GMXUSDT #Gambit #Derivatives #DExgmx.io/
Note
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0Expected Profit= +47.4% | +83.0% | +118.7%
Possible Loss= -39.6%
Estimated Gaintime= 3-4 weeks
Trade active
Entered entry zoneTrade closed: target reached
🎯 TP1 reached with +1.2RGambit got rejected on supply zone as planned and went down printing a Lower Low (LL).
Remaining targets are still valid, SL adjusted above entry zone to secure the trade!
Trade closed: target reached
🎯TP3 reached with +118.7% (4.2x) and +3RGMX made it to final target nicely, trade is fully closed, waiting for more reversal signs now.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.