$GMX Massive Surge & Strong Recovery! 🚀🔥
$GMX is trading at 22.35, up a massive +53.71% in the last 24H after a sharp rally from the $14.52 low. Despite facing volatility, buyers have managed to reclaim higher levels, and the price is now consolidating near a short-term resistance. A push above $23 could trigger another explosive move.
Support and Resistance
• Resistance: 23.00 – 25.00
• Support: 20.50 – 19.00
Trade Setup
• Entry Zone: 20.50 – 21.50
• Stop Loss: 19.00
🎯 TP1: 23.00
🎯 TP2: 25.00
🎯 TP3: 28.00
Market Insights
$GMX’s price action shows strong buyer demand even after a high-volatility pump, indicating that whales may still be accumulating. Holding above $20.50 will be key for sustaining momentum, while a breakout over $23 could invite heavy buying pressure for a fresh leg up.