$GMX Heating Up
Shorts just got burned with $1.94K liquidated at $15.30 — and this might just be the beginning.
The bears are feeling the heat, and bulls are eyeing the breakout zone. If momentum holds, this could turn into a sharp upward move.
Technical Analysis:
Current Price Action:
A cluster of short liquidations at $15.30 suggests strong buying pressure around this level. Short-sellers are getting squeezed, often a bullish signal.
Buy Zone:
$14.80 – $15.30
This zone shows strong accumulation and liquidation pressure. Ideal entry for those looking to ride the bullish wave.
Target Levels:
Target 1: $16.20 (Local resistance)
Target 2: $17.40 (Breakout zone)
Target 3: $18.60 (Major resistance)
If price breaches $17.40 with volume, it could ignite a stronger uptrend.
Stop Loss:
$14.49
Placed just below the support zone to protect against a fakeout or breakdown.
Summary:
Shorts are running scared. A clean move above $15.50 could trigger more liquidations and send $GMX flying toward $17+. Watch closely — volatility is about to erupt.