$GMX /USDT SHOWING BULLISH BREAKOUT POTENTIAL — HOLD ABOVE $17.50 COULD IGNITE MOVE TOWARD $20!

Market Outlook:

$GMX/USDT is currently trading at $17.53, posting a solid +9.29% gain in the past 24 hours. The price bounced from the $15.96 low and approached a 24h high of $18.09, showing strength after weeks of consolidation. With over 357K GMX traded and $6.07M USDT in volume, the recovery is backed by solid participation, hinting at a potential trend reversal.

Technical Analysis:

GMX has broken above the short-term resistance near $17.50, turning it into a support zone. If bulls hold this level and push above $18.10, the next key resistance lies at $19.80–$20.00. The recent bounce aligns with rising volume, suggesting a bullish continuation is on the table if momentum sustains.

Trade Setup:

🔹 Long Entry: On breakout above $18.10

🎯 Target 1: $19.50

🎯 Target 2: $20.00

🛑 Stop Loss: $16.80

📉 Alternative Short Setup (if rejected):

🔻 Short Entry: Below $16.00

🎯 Target 1: $15.00

🎯 Target 2: $13.80

🛑 Stop Loss: $17.30

Short-term Market Outlook:

GMX is in recovery mode after prolonged downside. A confirmed hold above $17.50 could turn the tide bullish. Watch closely for either a clean breakout or a rejection to determine next direction.

#GMXUSDT #DeFiTokens #CryptoBreakout #TechnicalAnalysis #AltcoinWatch $GMX