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GMXUSDT trade ideas

GMX ???Hi. COINEX:GMXUSDT has broken out of an ascending triangle pattern with good volume, the 100-day moving average and Ichimoku cloud suggest a bullish trend 🧐 AB=CD The bullish move may continue after a successful retest of the triangle 👨‍💻 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Rising Steadily ---- GMXAlthough the first TVL ranking on Arbitrum has been taken away by Pendle. But it is undeniable that GMX is one of the most innovative protocols in last year, bringing a liquidity provider experience different from Uniswap. While LP collects protocol fees, it can also receive losses from the counterparty, traders, which provides professional investors and institutions with a good financial tool. This is why GMX’s mechanism has been forked by many protocols As a derivatives DEX, trading volume is the most critical fundamental indicator. After entering 2024, the average daily trading volume on GMX gradually increased and was higher than that in 2023. But on price, GMX will significantly underperform the market in 2024. This is most likely because the circulation of GMX is close to 100%, so there isn’t so much for a premium in the pricing. This does not affect its bullish trend, it just makes rising more stable. Judging from the candle chart, the continuity of bulls is not strong at the 4h level. A short-term rise and a long-term correction. If you don't have the aid of good indicators, even if you open a long position at a cheap price, you may still close the long position during the pullback. On May 10, the TSB indicator prompted a BUY signal, which meant a long position signal. You can see that GMX then started to rise and the bulls strengthened every time the columns approached the wavy zone. You don't need to pay attention to the changes of the candles, the TSB indicator can easily help you hold the position. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
GMX: Ascending Triangle BreakoutTrade setup : Bullish breakout from Ascending Triangle could signal a bullish trend reversal with near-term upside to $40-$43 resistance zone. That's a stiff resistance area as it also lines up with 200-day moving average. Overall, price remains in a downtrend until it breaks back above that 200-day MA. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $30.00, then $24.00. Nearest Resistance Zone is $40.00.
Long
by altFINS
GMXUSDT (Bullish)Harmonic Pattern Completion: If the pattern completes, the price might rise towards the D point, which is typically at the 88.6% retracement of XA. Fibonacci Support: The 61.8% Fibonacci level (27.63) is a strong support zone, suggesting a possible reversal from this point. Elliott Wave Theory: The corrective wave (ABC) aligns with the harmonic pattern, adding confluence to the analysis. -The analysis suggests a potential bullish reversal from the current level (around 27.68), aiming towards the D point of the harmonic pattern. However, keep an eye on key support levels and validate the pattern completion with price action before making any trading decisions. Always consider using stop-loss orders to manage risk.
Long
by Erald1
GMX Triple Bottom?GMX is a Decentralized Perpetual Exchange. I use it, and as the old adage says: "Buy What You Use". gmx.io Yes the SEC is suing Uniswap and probably other decentralized exchanges. The last time I checked, the SEC doesn't have jurisdication over the world and is only protecting Americans from scams like FTX and buying Bitcoin under $300 when the first ETF was proposed. The thesis for GMX: A utility token where holders will get fees from traders using the exchange. If we do have a long-term bear market, GMX will allow people to short or hedge their positions. Technicals: - All Time Low was hit yesterday. - Triple bottom. Stop loss: weekly close below $23.
Long
by NoSecondBest
SHORT #GMXUSDTSHORT #GMXUSDT from $39.39 4h TF. Attention! A signal to test the level confirmed by several touches. The volumes are falling. The seller is active. The instrument removed liquidity from 59.95. According to the law of reverse liquidity. Namely, the price will tend to the level of the beginning of the impulse that launched this movement. At the breakdown, be ready!! To the stake. If everything goes smoothly, the goal is 36.18. We close the imbalance with abnormal volumes.
Short
by CScalp_EN
📈GMX: Support and Short Opportunities🔒🔍Today the market is taking a breather, and the analysis focuses on the coin GMX, which has broken the line at $54.01 from our previous analysis, triggering a 23% short position. Currently, it's testing support at $44.24, having faked out once and reacted twice. ✅If you opened a short position at $54.01 and haven't taken profit yet, I suggest closing a small portion to secure some gains. If you've taken profit, wait to see how it reacts at $44.24. If it breaks down, expect lower targets; if it holds, consider closing your position to lock in profits. 📉If you don't have an open position, the next trigger is $44.24, which could accompany the next wave. Currently, volume has decreased compared to before, typical for weekends. ⚡️The RSI indicator lacks a precise trigger, but considering the downward momentum on the 4-hour timeframe, opening a position could be warranted. If the price continues to range for an extended period, assess new market structures before opening positions. 🔑Note that all downward movements are corrective, and any coin could pump at any moment. If you have confirmation, you can consider longing after the breakout of $48.02. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈Weekly Analysis: Bullish Signals for MANA🔥🔍Today is Sunday, marking the end of the week and typically low trading volume. Hence, we'll analyze the weekly timeframe for Mana against USD for potential insights. On this timeframe, Mana has reached a supply zone, evidenced by a bearish engulfing candle. However, the current candle is showing signs of buyer strength. 📈If this candle closes bullish, we can consider a pullback to the level of $0.5517, supported by the 7-period Simple Moving Average (SMA). Additionally, Fibonacci retracement levels indicate that we've reached the 1 extension point, suggesting a consolidation phase. For higher targets, $1.0989 could be considered, overlapping with the 1.414 extension. 📊Volume is decreasing during this correction, signaling a healthy trend. The Relative Strength Index (RSI) previously faked an overbought condition and could potentially surge upwards again. 🛒Buying on the confirmation of the current candle closing bullish seems opportune. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Short
by itsparham96
GMXUSDT Buy opportunityThe GMXUSDT trading pair is displaying initial stages of an Elliott Wave formation, characterized by leading diagonal structures, with the completion of the Wave 1 to Wave 2 sequence. The price is currently forming a robust bullish continuation pattern, identified as an Inverse Head and Shoulders (IH&S), with the pattern's price target indicated on the chart. Additionally, the projection for the culmination of the current Wave 3 is also delineated. The designated accumulation zone on the chart represents an opportune area for initiating long positions. As always, it is prudent to engage in trading with due diligence, implementing a suitable stop-loss strategy to manage risk effectively. We welcome your engagement with our analysis in the form of comments and likes.
Long
by weslad
4
GMX/USDT getting ready for potential shift? 👀 🚀 GMX Analysis💎Paradisers, prepare for an engaging trading opportunity as #GMXUSDT shows signs of an upcoming pivotal move. The market dynamics indicate a strong push from a crucial demand level at $58.88, with the price aiming to breach a significant supply zone. Our strategy hinges on confirming this transition from supply to demand before making our move. 💎Targets Post-Breakout:Upon successfully navigating past the current supply level, our sights are set on the next target at $64.55. Surpassing this will open the door to approach a higher supply threshold at $71.89. It's essential to tread carefully, as the market may present psychological traps during these transitions. A solid strategy backed by clear confirmation is crucial for moving forward. 💎Preparing for Volatility:The unpredictable nature of the market necessitates readiness for diverse outcomes. Should #GMX retreat below the $58.88 support, a bullish resurgence from the $54.10 support level might be our next focal point. A fall below this marker signals a need to recalibrate our approach, potentially considering short positions to align with the prevailing market sentiment. 💎Strategic Market Navigation:Embracing all potential market scenarios is what makes us proficient traders. By keeping a vigilant eye on market movements and maintaining a patient and strategic approach, we can navigate through market uncertainties effectively. Rest assured, the Paradise Team is here to support and guide you through every twist and turn of this thrilling trading venture!
Long
by MyCryptoParadise
GMX/USDT upward trajectory?👀 🚀GMX Today analysis💎 Paradisers, turn your attention to #GMXUSDT as we gear up for a potential bullish shift. It's currently challenging a key resistance, hinting at a possible change in direction. 💎 #GMX is on the brink of breaking through its resistance at $49.89. If it manages to push past this level and keep up the momentum, there's a high chance we'll see it embark on a bullish journey, aiming for higher resistance levels. For now, we're expecting a slight pullback to the demand zone. 💎 There's a possibility that #GMX may not maintain the momentum needed to break out initially. Should this happen, a period of downward consolidation might occur before it tests our defined support level at $45.85 again. A successful retest of this level could pave the way for a substantial upward move.
Long
by MyCryptoParadise_Simon
📈GMX Futures: Potential Long Opportunities🚀🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential pullbacks. Should the current candle engulf the previous one, it presents a favorable opportunity to enter a long position in futures. Aim for a risk-to-reward ratio of at least 2, ensuring the use of stop-loss orders to mitigate potential losses. 💎For those waiting on the sidelines, patience until the trigger at 64.35 is advisable before considering entry. ✅The target for long positions, apart from the risk-to-reward ratio of 2, could be set at 71.66, although current price levels may pose a challenge for immediate attainment. 📉In the event of a reversal at 59.2, a more aggressive entry could be considered at 57.52 in lower timeframes. However, exercise caution and promptly secure profits to avoid substantial losses. 🐢For a more conservative approach, waiting for confirmation at 54.01 before considering short positions is prudent. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96