GMX /USDT
Current Price: $20.27 (+1.86%)
Key Support & Resistance:
Support: $19.80 – Strong buy zone
Resistance: $20.50 – Critical breakout level
Bullish Trade Setup (Long):
Entry: $20.00 - $20.20 (On slight pullback)
Take Profit Targets:
TP1: $20.50
TP2: $21.00
TP3: $21.50
Stop Loss: Below $19.70
Bearish Trade Setup (Short):
Entry: $20.40 - $20.50 (If rejected at resistance)
Take Profit Targets:
TP1: $20.00
TP2: $19.80
TP3: $19.50
Stop Loss: Above $20.60
Market Outlook:
GMX is approaching the critical $20.50 resistance level. A high-volume breakout could fuel a strong rally, while rejection here might trigger a pullback to $19.80.
Pro Tip:
Watch for volume surges—a breakout with strong buying momentum could send GMX soaring.
