$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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