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LONG #GMXUSDT from $19.47 stop loss $18.785
1h TF. The price is in a strong support zone of 19.205-19.385 USDT. Large market participants previously bought here. The local uptrend remains intact, confirmed by a series of higher lows (Higher Lows, HL) and support from the trend line.
The chart also shows an Order Block (OB) on the 1-hour timeframe and an FVG zone, indicating a potential upward retracement. Breaking the local liquidity in the 19.205-19.385 USDT zone may trigger an impulsive rise to key resistance zones.
Profit targets (TP):
- TP1: 20.155 USDT — FVG on the 1-hour chart.
- TP2: 20.860 USDT — liquidity zone and strong resistance.
- TP3: 21.810 USDT — long-term target.
Author: Level Crypt