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GMX

#GMX Showing Signs Of Bullish Breakout | Watch These LevelsYello Paradisers! Is #GMX gearing up for a major breakout, or will we see a downward spiral? Let's dive into the latest #GMXUSDT analysis to uncover what's brewing: 💎#GMX is showing strong signals of a potential bullish breakout from the descending trendline, following several failed attempts. The recent price action showed a loss of momentum after facing a sharp rejection at the key $29.09 resistance. 💎The price is heading towards a potential retest of the support zone around $19.6-$20.9. This zone is crucial as #GMX attempts to gather fresh momentum. If GMX manages to bounce off this demand area and break through the $29.09 resistance once more, we could witness a strong upward push, re-establishing a bullish structure. This would significantly increase the likelihood of #GMXUSD surging past the current resistance levels. 💎However, if the price fails to maintain above the $19.6-$20.9 support zone and breaks below, it could trigger a downward movement towards the $17.2 demand zone. This area is relatively fresh and may attract buyers, potentially leading to a sharp rebound if respected. 💎If TSX:GMX slips below the $17.2 level without showing any signs of strength, it would signal a bearish shift, opening the door for an even deeper correction. You should be cautious, as failing to hold this level could accelerate the sell-off. Remember, Paradisers, trade smart, and avoid emotional decisions. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Alikze »» GMX | Ascending Channel - 1H🔍 Technical analysis: Ascending Channel - 1H - It is moving in an ascending channel in the one-hour time frame. Due to the formation of a Double Top pattern in the range of 24 dollars, it has faced selling pressure. Therefore, it can face demand by continuing the correction in the OB area of ​​22.40 or by pulling back to the previous ceiling. - So, in the case of a pullback to the previous ceiling and the OB zone of $22, it can face demand and continue its growth up to the supply range of $25. 🟩 Support ranges: 22.27 - 22.40 ♻️ Return zone: 21.68 ⛳️ TP: 23.44 - 24.20 - 24.60 - 25 -25.40 ⚠️ In addition, if it penetrates and stabilizes below the range of 21.68, the bullish scenario will be invalid. Therefore, as long as the candles are above the range of 21.68, the upward trend can continue. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:GMXUSDT
Long
by alikze
Is GMXUSDT Ready for a Massive Surge or a Retest? Yello Paradisers! Have you noticed how #GMXUSDT has broken through its descending resistance? The recent action suggests this pair could be primed for a significant move, but will it be smooth sailing, or are we in for a retest first? Let’s dive in. 💎GMXUSDT has decisively broken above a descending trend-line, which had been holding the price down. This breakout is a strong bullish signal, indicating the potential for higher highs. 💎Before this breakout, GMXUSDT was forming lower lows and lower highs—a classic bearish pattern. However, with the recent price action, there’s a shift in the market structure, suggesting the formation of higher highs could be underway. 💎The pair has also flipped a critical support-resistance level, further strengthening the bullish outlook. - Immediate resistance is expected around $45.74.A stronger resistance lies at $54.30. 💎However, the market rarely moves in a straight line. While the bullish momentum is clear, there is still a chance that the price could retest the breakout zone. A pullback to the resistance-turned-support around $27.26 is possible, especially if the market needs to gather more buying pressure before challenging higher resistance levels. 💎Should keep an eye on the $22.06 level. If GMXUSDT closes an 8-hour candle below this level, it could signal a shift back to a bearish trend, invalidating the current bullish setup. 💎While the breakout from descending resistance is a promising sign for bulls, caution is still warranted. A retest of the key levels could occur before the next leg up. Stay disciplined and monitor the price action closely, especially around the mentioned resistance and invalidation levels. Stay focused, patient, and disciplined, Paradisers. This could be the start of a strong move, but as always, managing risk is key to long-term success! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
3
GMX Technical Analysis in 3-Day TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: GMX recently rebounded from its lower support trendline and is gearing up for a potential rally toward $40+. The 21 MA is acting as temporary resistance, and once GMX breaks through this, it is likely to test the upper resistance at $45. - Entry range: $22 to CMP. - Close Position: If it breaks down below $22. - Short-term Target: $42 to $58. - Mid-term Target: $58 to $72. - Long-term Target: $71 to $91. DYOR, NFA. Smash the like button, share it with your crypto enthusiast, and follow for more updates. Thanks #GMX #cryptocurrency
by Cryptorphic
1
GMX is BearishAfter the bearish iCH, the price structure has become bearish. A trend line has also been broken By maintaining the resistance swap range, it can drop towards the targets. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Short
by iMoneyTeam
GMXGMX is a decentralized spot and perpetual exchange that operates on the Arbitrum and Avalanche blockchains, offering traders low swap fees and zero price impact trades. It leverages a unique multi-asset pool that provides liquidity for trades and earns yield from market making, swap fees, and leverage trading. Given GMX's innovative approach to decentralized trading and its recent market trends, the next price targets for GMX could be $36, $44, and $52. Investors might consider capitalizing on this upward trend by entering a position at the current level. This trading idea is predicated on the continued growth and innovation in the DeFi sector, with GMX positioned as a key player due to its unique trading features and liquidity solutions.
Long
by icordkaz
GMX ???Hi. COINEX:GMXUSDT has broken out of an ascending triangle pattern with good volume, the 100-day moving average and Ichimoku cloud suggest a bullish trend 🧐 AB=CD The bullish move may continue after a successful retest of the triangle 👨‍💻 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Rising Steadily ---- GMXAlthough the first TVL ranking on Arbitrum has been taken away by Pendle. But it is undeniable that GMX is one of the most innovative protocols in last year, bringing a liquidity provider experience different from Uniswap. While LP collects protocol fees, it can also receive losses from the counterparty, traders, which provides professional investors and institutions with a good financial tool. This is why GMX’s mechanism has been forked by many protocols As a derivatives DEX, trading volume is the most critical fundamental indicator. After entering 2024, the average daily trading volume on GMX gradually increased and was higher than that in 2023. But on price, GMX will significantly underperform the market in 2024. This is most likely because the circulation of GMX is close to 100%, so there isn’t so much for a premium in the pricing. This does not affect its bullish trend, it just makes rising more stable. Judging from the candle chart, the continuity of bulls is not strong at the 4h level. A short-term rise and a long-term correction. If you don't have the aid of good indicators, even if you open a long position at a cheap price, you may still close the long position during the pullback. On May 10, the TSB indicator prompted a BUY signal, which meant a long position signal. You can see that GMX then started to rise and the bulls strengthened every time the columns approached the wavy zone. You don't need to pay attention to the changes of the candles, the TSB indicator can easily help you hold the position. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
GMX: Ascending Triangle BreakoutTrade setup : Bullish breakout from Ascending Triangle could signal a bullish trend reversal with near-term upside to $40-$43 resistance zone. That's a stiff resistance area as it also lines up with 200-day moving average. Overall, price remains in a downtrend until it breaks back above that 200-day MA. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $30.00, then $24.00. Nearest Resistance Zone is $40.00.
Long
by altFINS
📈GMX: Support and Short Opportunities🔒🔍Today the market is taking a breather, and the analysis focuses on the coin GMX, which has broken the line at $54.01 from our previous analysis, triggering a 23% short position. Currently, it's testing support at $44.24, having faked out once and reacted twice. ✅If you opened a short position at $54.01 and haven't taken profit yet, I suggest closing a small portion to secure some gains. If you've taken profit, wait to see how it reacts at $44.24. If it breaks down, expect lower targets; if it holds, consider closing your position to lock in profits. 📉If you don't have an open position, the next trigger is $44.24, which could accompany the next wave. Currently, volume has decreased compared to before, typical for weekends. ⚡️The RSI indicator lacks a precise trigger, but considering the downward momentum on the 4-hour timeframe, opening a position could be warranted. If the price continues to range for an extended period, assess new market structures before opening positions. 🔑Note that all downward movements are corrective, and any coin could pump at any moment. If you have confirmation, you can consider longing after the breakout of $48.02. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈Weekly Analysis: Bullish Signals for MANA🔥🔍Today is Sunday, marking the end of the week and typically low trading volume. Hence, we'll analyze the weekly timeframe for Mana against USD for potential insights. On this timeframe, Mana has reached a supply zone, evidenced by a bearish engulfing candle. However, the current candle is showing signs of buyer strength. 📈If this candle closes bullish, we can consider a pullback to the level of $0.5517, supported by the 7-period Simple Moving Average (SMA). Additionally, Fibonacci retracement levels indicate that we've reached the 1 extension point, suggesting a consolidation phase. For higher targets, $1.0989 could be considered, overlapping with the 1.414 extension. 📊Volume is decreasing during this correction, signaling a healthy trend. The Relative Strength Index (RSI) previously faked an overbought condition and could potentially surge upwards again. 🛒Buying on the confirmation of the current candle closing bullish seems opportune. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Short
by itsparham96
GMX/USDT getting ready for potential shift? 👀 🚀 GMX Analysis💎Paradisers, prepare for an engaging trading opportunity as #GMXUSDT shows signs of an upcoming pivotal move. The market dynamics indicate a strong push from a crucial demand level at $58.88, with the price aiming to breach a significant supply zone. Our strategy hinges on confirming this transition from supply to demand before making our move. 💎Targets Post-Breakout:Upon successfully navigating past the current supply level, our sights are set on the next target at $64.55. Surpassing this will open the door to approach a higher supply threshold at $71.89. It's essential to tread carefully, as the market may present psychological traps during these transitions. A solid strategy backed by clear confirmation is crucial for moving forward. 💎Preparing for Volatility:The unpredictable nature of the market necessitates readiness for diverse outcomes. Should #GMX retreat below the $58.88 support, a bullish resurgence from the $54.10 support level might be our next focal point. A fall below this marker signals a need to recalibrate our approach, potentially considering short positions to align with the prevailing market sentiment. 💎Strategic Market Navigation:Embracing all potential market scenarios is what makes us proficient traders. By keeping a vigilant eye on market movements and maintaining a patient and strategic approach, we can navigate through market uncertainties effectively. Rest assured, the Paradise Team is here to support and guide you through every twist and turn of this thrilling trading venture!
Long
by MyCryptoParadise
GMX/USDT upward trajectory?👀 🚀GMX Today analysis💎 Paradisers, turn your attention to #GMXUSDT as we gear up for a potential bullish shift. It's currently challenging a key resistance, hinting at a possible change in direction. 💎 #GMX is on the brink of breaking through its resistance at $49.89. If it manages to push past this level and keep up the momentum, there's a high chance we'll see it embark on a bullish journey, aiming for higher resistance levels. For now, we're expecting a slight pullback to the demand zone. 💎 There's a possibility that #GMX may not maintain the momentum needed to break out initially. Should this happen, a period of downward consolidation might occur before it tests our defined support level at $45.85 again. A successful retest of this level could pave the way for a substantial upward move.
Long
by MyCryptoParadise_Simon
📈GMX Futures: Potential Long Opportunities🚀🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential pullbacks. Should the current candle engulf the previous one, it presents a favorable opportunity to enter a long position in futures. Aim for a risk-to-reward ratio of at least 2, ensuring the use of stop-loss orders to mitigate potential losses. 💎For those waiting on the sidelines, patience until the trigger at 64.35 is advisable before considering entry. ✅The target for long positions, apart from the risk-to-reward ratio of 2, could be set at 71.66, although current price levels may pose a challenge for immediate attainment. 📉In the event of a reversal at 59.2, a more aggressive entry could be considered at 57.52 in lower timeframes. However, exercise caution and promptly secure profits to avoid substantial losses. 🐢For a more conservative approach, waiting for confirmation at 54.01 before considering short positions is prudent. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
Alikze → GMX| Leaving the cornerIt is moving in an ascending channel, which after forming a floor at the bottom of the ascending channel and exiting the corner, it is moving towards the supply area and the $50 range. If it breaks the $50 area, the path will be opened to continue climbing to the next range and the ceiling of the channel. 🟩Sup: 43.80 - 45.30 ⛳️Tp 1:50 - 53 ⛳️ Tp2 : 56.20 ⛳️ Tp3 : 62.5 - 68.80 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
GMX/USDT in a Strong Positions for Bullish Rally? 🚀GMX Analysis💎Paradisers, let's focus on #GMXUSDT, where current market signals hint at a potential bullish turnaround from a vital support region. 💎A review of #GMX's latest trading data reveals a significant 70% retracement from its recent high. However, the steadfastness at the $43.19 support level suggests a window for an upward trajectory. 💎The journey to surpass previous peaks or achieve new milestones has been challenging, fostering a temporary bearish sentiment. Yet, the critical $43.19 threshold for TSX:GMX is on the verge of initiating a notable bullish wave upon further evaluation. 💎With a forward-thinking mindset, we've prepared an alternative plan. If #GMX declines beyond this support, we anticipate a bullish revival from the next support at $34.17. It's vital to acknowledge that slipping below this marker could signal a deeper bearish trend. 💎Keep your trading strategies adaptable and your eyes peeled for market shifts, Paradisers. Rest assured, the ParadiseTeam is closely observing these developments, ready to guide you through the evolving market landscape.
Long
by MyCryptoParadise_Simon