🚀 GMX Coin – Is This the Breakout Zone You’ve Been Waiting For?

GMX is showing signs of life again, and smart traders are watching closely. 📉📈

Let’s break down a simple entry and exit plan for GMX based on recent market action and technical signals:

✅ Entry Price

👉 $11.50 – $11.60

This range is a sweet spot where GMX is currently consolidating. It’s hugging key moving averages and holding support.

🎯 Take Profits

1️⃣ First Target: $13.25

This is a short-term resistance and a logical place to lock in some gains.

2️⃣ Second Target: $14.60

A breakout above TP1 could push GMX toward this zone, previously tested in April.

3️⃣ Final Target: $17.30

This is a more ambitious target, based on longer-term projections and historical resistance.

🛑 Stop Loss

⚠️ $10.80

Set your stop just below the last swing low. If GMX breaks this level, the trend may shift.

🧠 Pro Tip:

Start with a partial buy at entry, and scale out profits as the price climbs. Once TP1 hits, move your stop to break-even—protect your capital. 💡

📊 Market Outlook:

GMX has been oversold on RSI (<30), which could lead to a short-term bounce.

A breakout above $12 with strong volume could signal a new trend.

Still, the macro market remains cautious, so keep risk tight.

🔥 In Summary:

Buy between $11.50–$11.60

Take profits at $13.25, $14.60, and $17.30

Stop loss at $10.80

Play it smart. Stay alert. And let the market do the work. 🧘‍♂️💹

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