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GMX / TetherUS

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GMXUSDT trade ideas

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!
Long
by CryptoNiche
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by Alex_Dehtiarov
1
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.
by MyCryptoParadise
1
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
by behdark