💎 GMX has certainly caught our eye. At present, GMX is rebounding within a demand zone and is encapsulated by a falling wedge formation. A surge in bullish momentum is anticipated if GMX can breach both the local resistance range of $36.20 - $36.80 and the falling wedge pattern.
💎 It's crucial to await a confirmed breakout to guard against potential false signals. If this bullish scenario unfolds, GMX could effortlessly ascend towards the supply zone, possibly even reaching the bearish OB.
💎 Conversely, if GMX faces rejection at the resistance and takes a downturn, it would be vital for it to find support and bounce back. Failure to do so might see GMX compromising its support level, signaling a bearish trajectory. In such a case, GMX might continue its descent towards a lower-demand zone.
💎 It's crucial to await a confirmed breakout to guard against potential false signals. If this bullish scenario unfolds, GMX could effortlessly ascend towards the supply zone, possibly even reaching the bearish OB.
💎 Conversely, if GMX faces rejection at the resistance and takes a downturn, it would be vital for it to find support and bounce back. Failure to do so might see GMX compromising its support level, signaling a bearish trajectory. In such a case, GMX might continue its descent towards a lower-demand zone.
Trade closed: target reached
Boom! #GMX is doing just what we said. Up 31.43% and looking good!
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.