GMX Triple Bottom?
Updated
GMX is a Decentralized Perpetual Exchange. I use it, and as the old adage says: "Buy What You Use".
https://gmx.io
Yes the SEC is suing Uniswap and probably other decentralized exchanges. The last time I checked, the SEC doesn't have jurisdication over the world and is only protecting Americans from scams like FTX and buying Bitcoin under $300 when the first ETF was proposed.
The thesis for GMX:
A utility token where holders will get fees from traders using the exchange.
If we do have a long-term bear market, GMX will allow people to short or hedge their positions.
Technicals:
- All Time Low was hit yesterday.
- Triple bottom.
Stop loss: weekly close below $23.
https://gmx.io
Yes the SEC is suing Uniswap and probably other decentralized exchanges. The last time I checked, the SEC doesn't have jurisdication over the world and is only protecting Americans from scams like FTX and buying Bitcoin under $300 when the first ETF was proposed.
The thesis for GMX:
A utility token where holders will get fees from traders using the exchange.
If we do have a long-term bear market, GMX will allow people to short or hedge their positions.
Technicals:
- All Time Low was hit yesterday.
- Triple bottom.
Stop loss: weekly close below $23.
Trade active
I am very comfy building a large GMX position and staking it.Earning 11% staking reward and TWAPing the ETH into more GMX on uniswap.
app.gmx.io/
In the casino, the house always wins.
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