$GMX Trading Setup – Bullish Momentum with Caution
Entry Strategy:
• Ideal Entry Zone: $21.50 - $22.30 (Dip Buy)
• The price is cooling down from the recent pump, allowing for a potential retest of support zones.
• Watch for a bullish reversal candlestick pattern or volume surge around this range before entering.
• Breakout Entry: Above $23.00 with strong volume confirmation.
• If price consolidates above $23.00 and breaks out, it may signal continuation toward $25+.
• Target 1: $24.50 - $25.00 (Resistance from previous high)
• Target 2: $26.50 - $27.00 (If momentum continues)
3. Stop Loss:
• Stop Loss: Below $20.50
• If price drops below this level, it may indicate a breakdown of trend support.
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