🔥🔥🔥GMX ON FIRE🔥🔥🔥

💲DON'T SAY WE DIDN'T WARN YOU💲

In the span of 12 hours, the behavior of $GMX /$USDT is clearly an explosive breakout movement:

Current price: 22.09 $USDT (+51.20% in 24h).

Candles: the last impulse drove the price from ~12 USDT to 45 USDT before correcting; this is a rise of 275% in a very short time.

Volume: extremely high, confirming that this is not an isolated low liquidity movement.

Moving averages:

MA(7) ≈ 16.36

MA(25) ≈ 13.88

MA(99) ≈ 13.64

All are well below the price, indicating overextension.

Immediate supports:

17.4–17.5 USDT (previous consolidation zone).

14.5 USDT (low of the impulse candle).

Resistances:

24.7 USDT (previous ceiling before the wick to 45).

32 USDT and 45 USDT as major resistances.

KDJ Indicator:

K=54.29, D=71.34, with recent bearish crossover → a pullback could come before attempting a new impulse.

📌 Tactical reading:

The jump has been so vertical that it is most likely that profit-taking will occur in the next candles.

Conservative strategy: wait for a pullback to the 16–18 USDT zone to look for a new entry.

Aggressive strategy: trade short bounces on smaller timeframes (15m–1h) with tight stops.