$GMX /USDC BULLISH TRADE SETUP – POTENTIAL UPSIDE INCOMING
Market Snapshot:
GMX is currently trading at $13.76, showing strength after holding above key support. Price action suggests accumulation near the bottom, with buyers stepping in.
Key Technical Levels:
Support Zones: $13.35 (primary), $13.00 (secondary)
Resistance Levels: $13.85 (minor), $14.20 (major breakout level)
Trade Signal – Long Position:
Entry Zone: $13.70 – $13.80
Stop Loss: $13.29
Take Profit Targets:
TP1: $14.10
TP2: $14.40
TP3: $14.85
Technical Insight:
GMX is holding an upward channel on the lower timeframes with increasing buy volume. A break and hold above $13.85 may trigger bullish continuation toward the higher resistance levels.
Risk Management:
Use 1-2% risk per trade. Trail stop after TP1 to secure profits and protect capital. Stick to strategy and avoid emotional entries.
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