📊 $GMX

GMX/USDT 4H Chart Analysis – Smart Trading Strategy 💹

🟢 Current Price: $16.26 (+3.11%)

🕒 Timeframe: 4H

📈 Trend: Bullish Momentum Gaining Strength

🔍 Technical Breakdown:

🔸 RSI (6) = 73.55

➡️ RSI is approaching the overbought zone. A reading above 70 indicates strong buying pressure, but caution is needed as a reversal may occur soon.

🔸 Stochastic RSI (K: 85.91, D: 86.35)

🔴 In the extreme overbought territory! This suggests a pullback or consolidation is likely in the short term.

🔸 MACD = 0.13, Signal = 0.17

🟢 Positive MACD histogram with a bullish crossover. Indicates upward momentum is still alive.

🔸 Williams %R = -7.65

⚠️ Near the -0 to -20 zone → also signaling overbought conditions.

🔸 OBV (On-Balance Volume) = Increasing

🟡 Rising OBV suggests volume is supporting the current price move upward. Bulls are in control.

🔸 Parabolic SAR = Below price

🟢 Dotted SAR below candles shows the uptrend is intact.

🟩 Entry, Exit & Stop-Loss Strategy 🎯

✅ Entry (Ideal Buy Zone):

🔽 Wait for a minor dip to the $15.80 – $16.00 range

🟨 This pullback zone aligns with 10-MA support & recent breakout level

🚀 Target 1: $16.80

🎯 Target 2: $17.40

🟢 Strong resistance seen around these levels. Lock profits gradually.

🛑 Stop Loss: $15.49

❌ Just below the support formed near the SAR reversal and previous candle wick — keeps risk low.

🧠 Final Thoughts:

🔥 GMX is showing solid momentum, but multiple indicators are signaling overbought. Enter on dips, and avoid FOMO at the top. Volume confirms trend, but stay disciplined with stop-loss.

💬 Drop your thoughts below 👇

💹 Trade safe, Binance Squad! 🚀