GMX's market has been quite strong recently, and many friends are asking: "Is it going to take off?" Don't worry, let's talk slowly from both technical aspects and operational strategies, and try to explain it in plain language.


1. Price trend: Bulls are sitting on the Diaoyutai
1. Hourly chart: a rocket-like rally
Recently, GMX's hourly line has been like a chicken blood injection, rising from $15.5 to $16.55, and has closed several big positive lines in a row, just like riding a rocket. The technical indicators are also very impressive:
- MACD: The red column is getting longer and longer, and the fast and slow lines (DIF and DEA) are both "firing" upwards, indicating that the buying power is getting stronger and stronger;
- RSI: It has risen to 81, which is an "overbought" state (generally, anything over 70 is a bit overheated), but the strange thing is that the price has not fallen, but has continued to rise, indicating that market sentiment is particularly enthusiastic and everyone is rushing to buy.
- Moving average: The price is far ahead of the short-term moving average (EMA7, EMA30), just like the top student in the class leaves other students behind, a clear "one-sided rise" rhythm.

2. Daily line: Breaking through bottlenecks and opening up new horizons
Previously, GMX was trading between $15.3 and $15.5 for more than two weeks, like a fly trapped in a bottle, unable to go up or down. In the past two days, it finally “broke out of the bottle” and stood firmly at the $16 mark, and the trading volume doubled - this shows that there is a large amount of capital entering the market, which may be caused by institutions or “whales”.


2. Operational suggestions: Don’t chase high prices, think about stop loss before taking action
Although the market is rising rapidly now, we should stay calm at this time. Here are some key points for you:

Friends who want to buy, please see here
- Aggressive players: You can test the waters around $16 (which happens to be the short-term moving average support level), but remember, run away if it falls below $15.8 (set a smaller stop loss to avoid losing too much), and set your target at $17 first, then withdraw after making a profit from the price difference.
- Conservative players: Wait for the price to pull back to $15.5 before buying (the upper edge of the previous range, there is support), set the stop loss at $15.2, and set the target a little higher, at $17.5, so that if it falls, the loss will be less, and if it rises, the profit will be more.


Important reminder: Never go short!
The market is full of buying orders now. Going short is like swimming against the current. If you are not careful, you may be washed away. If the price rises above $18, it means that the market has gone completely crazy. Don't go short at this time. Be careful of liquidation!


3. Risk Warning: The more the price rises, the more you should be careful of pitfalls
1. Overbought signal: The RSI is over 80 and may pull back at any time. Don’t rush in just because the price is rising. It is easy to buy at the top of the mountain.
2. Divergence between volume and price: If the subsequent trading volume cannot keep up (for example, a sudden decrease in volume), the price may fall in a false move, so be vigilant at this time.
3. Market sentiment: The on-chain perpetual contract track has been very popular recently. GMX, as the leader, is sought after by investors, but don’t forget that new projects MYX and Vela are also competing for the cake. If GMX runs out of good news one day, it may be abandoned by investors.


Summary: What is the right thing to do now?
- Newbies: Don’t chase high prices, wait for the price to pull back to the support level before buying, or observe first and figure out the logic before taking action.
- Veteran: Make short-term transactions along the moving average, set stop loss and take profit, and don’t be greedy.
- Everyone: Don’t hold too heavy a position, keep some cash for protection, no matter how good the market is, there will be a time when it will fall!

Finally, let me say: Cryptocurrency is highly volatile and offers many opportunities to make money, but the risks are also high. Let’s make money that we can understand, and don’t gamble on luck.


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