$GMX
GEARS UP FOR A STRONG MOVE
Bulls Take Control — Eyes on $17+
$GMX is gaining solid momentum, trading at $16.13 after bouncing from the $15.12 low. Buyers are pushing price toward $16.62, with rising volume confirming renewed interest in this DeFi leader.
Currently, it’s testing a key resistance zone at $16.70–$17.00. A break above could spark further upside, while rejection may prompt a retest of nearby support. Momentum indicators remain bullish, keeping buyers in command.
📊 Trade Setup
✅ Entry: Above $16.75 (breakout confirmation)
🎯 Target 1: $17.50 (initial move)
🎯 Target 2: $18.30 (extended rally)
🛡 Stop Loss: $15.40 (just below support)
$GMX is at a pivotal point — a strong breakout candle could launch the next bullish leg. Traders should stay alert for a decisive move.