good analysis

The $GMX /USDT pair is currently trading at 16.60, experiencing a 3.88% decline in the past 24 hours, with a high of 17.50 and a low of 16.41. The recent 37.20% drop over the last 30 days and a 33.25% decline in 90 days signal a market correction, offering a prime opportunity for strategic traders. With 24-hour volume at 169,731 $GMX (equivalent to 2.88 million USDT), there is ample liquidity for short-term trades. Traders can take advantage of key support at 16.41 to plan potential buy entries and aim for a rebound toward resistance at 17.50. Bollinger Bands and Moving Averages can help identify momentum shifts and precise entry points. For those aiming for short-term profits, scalping during periods of volatility can be highly rewarding, while swing traders should watch for confirmation of trend reversals. Stay disciplined, use stop-losses to manage risk, and seize the opportunities this active market presents.

If you'd like this in a more bullish tone or broken down into strategies, just let me know!
#BERAonBinance #USJoblessClaimsRise #BitcoinWhaleMove #AICrashOrComeback
#Write2Earn! $GMX