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!
GMXUSDT trade ideas
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
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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
GMX/USDT Falling Wedge formation. Need break or Down is coming 💎 GMX has certainly caught our eye. At present, GMX is rebounding within a demand zone and is encapsulated by a falling wedge formation. A surge in bullish momentum is anticipated if GMX can breach both the local resistance range of $36.20 - $36.80 and the falling wedge pattern.
💎 It's crucial to await a confirmed breakout to guard against potential false signals. If this bullish scenario unfolds, GMX could effortlessly ascend towards the supply zone, possibly even reaching the bearish OB.
💎 Conversely, if GMX faces rejection at the resistance and takes a downturn, it would be vital for it to find support and bounce back. Failure to do so might see GMX compromising its support level, signaling a bearish trajectory. In such a case, GMX might continue its descent towards a lower-demand zone.
GMX Bearish Pattern 🤔↘️🤔↘️🤔↘️🤔Hi dear traders
GMX has formed bearish pattern.
The price reached 1H order block.
We can open short position with suitable stop-loss.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
gmxusdt cup and handleBest looking cup and handle. Better than textbook.
Plausible 50+% rise.
just an idea
long GMXTSX:GMX broke through the resistance level and the descending trendline. Bullish movement to $40.3 is expected to happen.
GMXUSDT.PInternal structure trading. Pretty riskier but patterns repeat itself. Taking a buy from an order block below the inducement, extending my stoploss to the swing low and taking profits on the targeted structure.
JUST A TRADE IDEA, NOT FINANCIAL ADVICE!
GMX is bearish in this bullish marketAfter completing wave E of the big triangle above, which I marked with a red arrow, we have entered a large pattern consisting of wave A and B.
Wave A is a diametric wave and wave B is a triangle, and now we are in the last wave of the triangle. I expect wave C to start a downward spiral soon.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
short GMXTSX:GMX broke through the support level and the ascending trendline. Decline to support level at $30 is expected to happen.
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High revenue each q during bear market so likelihood is that continues into the bull 2024
#GMX/USDT is testing the Trendline and PWL resistance level in 4#GMX/USDT is testing the Trendline and PWL resistance level in 4-Hour TF!
TSX:GMX needs to reclaim it as a support to gain bullish momentum. In case of rejection, we can short it.
GMX USDT By HesamUNT ( New update )hey traders
we got the rejection from daily and Weekly Swap and broke down the short and mid-term Demand zones
also we had potential demand zone at daily TF around 39-43 $ and PA confirmed this lvl so many times
Now we break it down and price still playing below this zone
so i can take it as a potential Swap and resistance area in next touches and working as a supply zone in higher TF Chart. also this Swap confirmed by Long-term short scenario fib EXT and EMA 200, EMA 50-200 still bearish in Weekly Daily 4H TF, but we have bullcross in 30m and 1H TF
thats why we can expect some buy pressure around 30$ to the 39$ which is our Supply zone and swap and fib areaa
what u think ?
share ur chart and leave a comment
GMXUSDT-IN BEARISH TRENDGMXUSDT.P is in a bearish trend price made a double top with bearish divergence and the price is now starting to make a series of LLs and LHs, bear can push the price towards our target easily, what do you guys think about this? let me know.
GMXUSDT⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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GMX Bearish Pattern 🤔↘️🤔↗️🤔↘️Hi dear traders
GMX has formed bearish pattern.
Possible price return to support area for small correction and then rise and breakout falling wedge in daily time frame.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
