$GMX /USDT is currently trading around 7.33 (+3.39%) on the 1H timeframe, showing a healthy recovery after facing rejection near the 7.52 resistance zone. Price structure remains constructive as it continues to hold above key moving averages, with MA(25) acting as dynamic support. The recent pullback appears controlled rather than bearish, indicating profit-taking rather than trend reversal. The bounce from the 7.20–7.25 area suggests buyers are still active, maintaining the possibility of a continuation toward higher levels if momentum builds again.

GMX

6.93

-5.97%

For traders, the focus should be on confirmation rather than chasing price. A strong reclaim and hold above 7.40–7.50 could trigger another bullish leg, offering upside opportunities. On the downside, losing the 7.20 support may lead to deeper consolidation toward lower levels before the next move. The best strategy is to wait for either a clean breakout or a pullback to support for optimal entries, while maintaining strict risk management to capitalize on both continuation and range-bound scenarios.