$GMX /USDT LONG TRADE SIGNAL – REVERSAL BOUNCE FROM INTRADAY SUPPORT!🔥💯
Entry Price: $15.70
Target 1: $15.90
Target 2: $16.05
Target 3: $16.30
Stop Loss: $15.58
Why Long?
$GMX bounced from the $15.50 support zone after a sharp decline, printing a bullish engulfing candle on the 15-minute chart. This marks a potential short-term trend reversal, supported by decreasing bearish momentum and buyers stepping in near the daily low.
With volume recovering and a micro double-bottom forming, the setup favors a push toward $16.00 and above if intraday strength sustains.
Risk Management Tip:
Lock in gains at TP1 and shift SL to entry to protect against reversals. Ride trend continuation only if candles remain above $15.65.
Buy and Trade here on $GMX
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