GMXUSDT trade ideas
GMXUSDTAfter breaking the weekly ceiling, JMX is in a very good place and can grow well.
You can make a good purchase in two steps.
GMX/USDT looking Bullish
GMX/USDT
Direction: Long and Spot
Entry: 42.5 - 47.5
Targets:
Tp1: 48
Tp2: 50
Tp3: 60
Tp4: 70
Tp5: 80
Stop Loss: 40.13
CHANNEL CONTINUATION PATTERN FOR GMXWe follow our TA and the Chart. from the chart we can see we are in a channel and once it confirms the direction we are fine to get our profits done.
Tradehubng
2.35R GMX LONG SPOTGMX as a beta arb ? Just a normal play for dex perp narrative.
You sell 80% your spot on resistance and take leverage on the 20% left to keep same exposure.
Measured move on GMXThe description is in the title.
It has had a nice weekly consolidation and is sitting on the weekly EMA's.
Time to move for this one I think.
GMX pushes golden fibGMX is pushing for the golden .5 fib around 60$ soon. This is one of my larger holdings and I use it as a slow and steady anchor for my portfolio. I love the arbitrum ecosystem and enjoy the real yield that this play provides. I marked my entry from forever ago as the dotted green for those that are interested. I tend to hold these stronger plays a lot longer than the average trader as I am mostly using these charts to help me average in. RSI and volume are still cooling off but price has started to rise. Tokens like GMX can easily do this because the supply is so low and the inflation is non-existent. Wait for an obvious bull market, these things supply shock peoples faces off.
GMX/USDT Major Falling Wedge, What's the Next move ??Yello Paradisers, Potential Coin! #GMX
💎 GMX is exhibiting intriguing movements, particularly if it successfully breaks out of the major falling wedge pattern. The optimal entry point would be post the breakout of this falling wedge pattern.
💎 Should GMX fail to breach or face rejection at the resistance area, it’s likely to revert to testing the key support area. In such a scenario, purchasing at the key support area and awaiting a bullish rejection candle would be the strategic move.
💎 A substantial surge is on the cards if GMX manages to break the falling wedge, with a clear path to reach Target 1, testing the supply zone area. This zone is pivotal for GMX as breaking through it would confirm a bullish movement.
💎 The analysis would be invalidated if GMX concludes below the key support area in the daily close candle.
GMX/USDT Ready to continue upward made new higher high??💎 GMX has been a notable point of focus in the market. It's currently in a consolidation phase within the demand area. However, recent chart activity suggests a positive shift in momentum.
💎 For GMX to maintain its upward trajectory and reach new heights, it's crucial for it to break through the resistance area and form a higher high, probability aligning with our target area.
💎 As long as GMX remains above the demand area, the overall outlook remains relatively stable. However, a breakdown below this demand area could be a troubling indicator for GMX's future movement. Such a development might signal the beginning of a downward trend, potentially leading GMX toward the bullish OB area or even lower.
BUY GMXHello friends
You can buy this currency from the points I have marked.
enter : 47.90 - 47.02
target : 55.37 - 57 - 64.03
This is only a purchase offer.
Be sure to follow the capital management.
If you like this analysis, I would be happy to support me.
BINANCE:GMXUSDT
MEXC:GMXUSDT
KRAKEN:GMXUSD
#gmx is at very crucial zoneIt’s time to look at #GMX AS GMX IS AT very very big resistance if it breaks so it can create another higher high but if it doesn’t as it looks like more probably than my price target is under $20. so keep close look at it
GMX looking to uptrendGMX is seeing a potential reversal of RSI here and is looking to uptrend. another attempt at the .382 fib is in play with multiple supports drawn. A local demand could be a bounce region as well. With GMX being the recent winner of largest ARB grant I have high hopes for this token in the future. The limited supply will be a factor for consistent uptrend during bullish crypto markets. I think we have another test at 54$ coming soon.
GMX: Looks Like a Pump Will Happen Soon?BINANCE:GMXUSDT is a decentralized perpetual exchange AMM that is built on solid infrastructure.
It has been on the journey of price discovery since 2022.
Historically, it found support on the $25-30 level.
It may rally up any moment from now, we should be ready to take advantage of it. Of course, with low leverage.
This is my analysis of GMX, what are your thoughts about it?
Share it with me in the comment box
If this analysis makes sense to you, follow me now and support my idea.
Cheers!
GMXUSDTshort trade idea, point of interest taken after price takes out inducement..
supply and demand trading (in line with market structure)
its a risky trade because its COUNTER TREND so risk wisely and trade according to your plan!
GMXUSDTthe break in market structure shows the bulls are still in control.. we need to join the bulls after price takes off inducement. my entry on this trade idea is taken from a point of interest BELOW an inducement (marked as PEPSI lol).. just a trade idea, not financial advise
GMX ascending into confluenceGMX is continuing the slow grind upward, a local demand is here for context and additional support. the 20 SMA is maintained, RSI still on an uptrend. The dashed greens are areas of historical importance that need to be conquered for an uptrend to remain. I am still long GMX and just simply hold staked spot as I have for a long time.
GMXUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
🔥GMX: The Altcoin Which Will Impress You in 2024❗️GMX fell by -69% from it's local highs. The retailers are samshed and scared.
It has $300M cap. This is still fresh altcoin which can grow by 10-20x even 50x. I have this altcoin in my portfolio and ready to hold it and get a profit on a bull market.
💥 Bullish BTC over $29,000 will turn the table and altcoins start to accelerate. Don't miss altseason this time!
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
GMXUSDTObv showing a clear trend reversal whilst the macd is just breaking out
And the price is only finishing forming an a+e reversal and starting the trend reversal
Would guess we shoot for the upper range next month, based on this protocols continued high revenue through the bear market.
Technicals are saying the something similar..
GMX breaking a key resistance and climbingGMX I have held for a pretty long time this was one of my first bear market entries. I traded the token for 25$ to 85$ and have been slowly re-entering for a long term holding. My golden support line has once again been reached and the teal horizontal has been broken. The token is bouncing off the 50 SMA , more bounces= better. The dashed green line is the next key area in my opinion.
GMXUSDT long ideamy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
GMXUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
