$GMX BREAKOUT ALERT – BIG MOVE COMING!
GMX is testing key resistance after a strong recovery. A breakout could ignite a rally toward higher levels, but failure here may trigger a sharp pullback.
📊 Key Levels to Watch
🔺 Resistance: $17.07 → Break = $17.89 & $18.50
🔻 Support: $16.56 → Break = $15.12
🎯 Trade Setup – Maximize the Move!
📈 Long Entry: Above $17.07, aiming for $17.89 and $18.50
📉 Short Entry: Below $16.56, targeting $15.12
🚨 Stop-Loss: Below $16.56 to manage risk
📉 Market Insights – What’s Driving This Move?
✅ Bullish Scenario: A breakout above $17.07 could fuel an uptrend.
✅ Bearish Risk: Losing $16.56 support could trigger further declines.
✅ Volume Confirmation: A spike in buy-side volume is key for momentum.
💡 Final Thought: GMX is on the edge of a major move—watch these levels closely!