Updated Signal: 🟩LONG – $GMX /USDT (Futures)
Entry Zone:
▶️ 13.80 – 13.95 USDT
(Narrowed slightly to align closer with recent support flip and avoid premature entries in weak momentum)
Targets:
1. 14.10 – Initial reaction zone
2. 14.38 – Minor resistance from local high
3. 14.65 – Fibonacci extension level
4. 14.92 – Psychological resistance
5. 15.20 – Major swing high
6. 15.48 – Trend channel top
7. 15.76 – Fib extension 1.618
8. 16.05 – Monthly resistance zone
Stop Loss:
⛔ 13.39 USDT
(Tighter stop than 13.05069; avoids excess downside and keeps R:R more efficient; breaks below 13.39 would invalidate the current bullish structure)
Leverage:
⚖️ 5x (conservative) or 8x (aggressive intraday)
(Prefer 5x for swing setups to handle volatility)
⸻
Reasons for Modifications:
• Entry Zone Tightening: Reduces slippage and protects against choppy breakdowns under 13.75.
• Adjusted Stop: Original SL at 13.05 is too far (~5.3% down); new SL at 13.39 limits risk to ~3-4%.
• Target Zones Refined: Aligned with visible technical resistance, Fibonacci levels, and key psychological levels.
• Leverage Range Adjusted: Prioritizing manageable risk; 10x can lead to liquidation in small wicks.