$GMX /USDT BULLISH BREAKOUT – DEFI GIANT ON THE MOVE!
$GMX is surging with a +17.83% gain, currently trading at 17.51 USDT. The pair has tested strong support near 16.36–16.66 USDT and recently challenged resistance around 17.78 USDT, showing significant buying pressure. With a healthy trading volume of 1.13M GMX / 18.93M USDT, momentum indicates that bulls are in control and a continuation toward 18–18.50 USDT is likely if resistance breaks.
Trade Setup:
Long Entry: 17.50–17.60 USDT
Target 1: 17.85 USDT
Target 2: 18.20 USDT
Stop Loss: 17.00 USDT
Short-Term Market Outlook:
The immediate trend is bullish. Watch for a decisive breakout above 17.78 USDT, which could trigger further gains. A minor pullback to 17.25–17.00 USDT could present a strong buying opportunity.
