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GMX

GMX is bearish in this bullish marketAfter completing wave E of the big triangle above, which I marked with a red arrow, we have entered a large pattern consisting of wave A and B. Wave A is a diametric wave and wave B is a triangle, and now we are in the last wave of the triangle. I expect wave C to start a downward spiral soon. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
GMX USDT By HesamUNT ( New update )hey traders we got the rejection from daily and Weekly Swap and broke down the short and mid-term Demand zones also we had potential demand zone at daily TF around 39-43 $ and PA confirmed this lvl so many times Now we break it down and price still playing below this zone so i can take it as a potential Swap and resistance area in next touches and working as a supply zone in higher TF Chart. also this Swap confirmed by Long-term short scenario fib EXT and EMA 200, EMA 50-200 still bearish in Weekly Daily 4H TF, but we have bullcross in 30m and 1H TF thats why we can expect some buy pressure around 30$ to the 39$ which is our Supply zone and swap and fib areaa what u think ? share ur chart and leave a comment
Short
by HesamUNT
MUX: a decentralized derivatives market aggregator📜 Overview The MUX Protocol Suite is a set of two components: 1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity; 2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions. Currently MUX is deployed on Arbitrum , BNB Chain , Optimism , Avalanche and Fantom . In short, just as 1INch is to Uniswap , PancakeSwap , Curve , and other DEX, MUX is to GMX and GNS . 📈 Graphic analysis The price is in an impulsive wave 3. A possible entry would be after an ABC correction at $9.25. If the price breaks the last historic high and rises wildly, expect a throwback. The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential. Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best. ⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar. It still does not have trading on large exchanges, such as Binance and Coinbase for example. Do your own research and take your risks.
Long
by andre_007
GMXUSD 1day MA50 based trading strategy.GMXUSD almost hit the 1day MA50 two days ago and has so far turned sideways. This inability to cross over this Resistance level that has been holding since early August, is technically a bearish signal. As long as it holds, sell and target 30.150 (Support A). If broken though, we can have a June 30th type break out to the 1day MA100. Consequently be ready to close the sell and open a buy targeting 42.000 (top of the Channel Down and possible contact with the 1day MA100). Follow us, like the idea and leave a comment below!!
CRYPTO:GMXUSD
by TheCryptagon
GMX (GMX.USDT) GMX price today is $56 with a 24 hour trading volume of 30 million dollar. GMX price is up 4% in the last 24 hours and 380% growth in only six month but what is GMX? Its a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades GMX on Arbitrum has seen meaningful growth in both daily users and transactions. this is in part due to the recent GMX token listing on Binance, the growth of Arbitrum, and its recent upgrade with Arbitrum Nitro. If you check candle shadows you see that GMX can be extremely volatile so always be sure that you know your targets and using stop loss RSI could give a good signal on gmx and If you manged to buy at 30$ zone its time to take profit and if you trade in short time or you do scalp, 59$ is very important level
Long
by moonypto
4
GMX high trader grade on token MetricsGMX presents a bullish opportunity with positive indications from the Token Metrics Trader Grade ratings and chart analysis. The price action on GMX is forming an ascending triangle pattern, suggesting a higher likelihood of a breakout to the upside. Based on this pattern, the measured move indicates a potential gain of 42%. Additionally, there is a noticeable gap in the Volume-Weighted Price (VRP) all the way up to the measured move level, indicating potential momentum for further upward movement. When considering the technical indicators, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the possibility of a retracement towards the lower boundary of the triangle. This could be considered a riskier entry point but offers greater potential rewards. Alternatively, a more conservative approach would be to wait for the price to break above the upper boundary of the triangle and retest it as support. Setting alerts on both the upper and lower trendlines would be prudent. Monitoring smaller timeframes like the 5-minute chart can provide additional insights for determining an entry point. Overall, GMX appears to have a bullish outlook with multiple factors aligning in favor of a potential upward move. As with any trading decision, it's important to conduct thorough analysis and consider personal risk tolerance before entering a trade.
Long
by Fermented_Crypto
#GMX/USDT 8h (Binance Futures) Descending channel breakoutGMX just regained 50MA support and seems to be ready for a rally towards 200MA resistance, probably after a last dip. ⚡️⚡️ #GMX/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 6.4% Current Price: 49.74 Entry Targets: 1) 47.36 Take-Profit Targets: 1) 58.39 Stop Targets: 1) 39.99 Published By: @Zblaba TSX:GMX #GMXUSDT #Gambit #DEx Risk/Reward= 1:1.5 Expected Profit= +69.9% Possible Loss= -46.7% Estimated Gaintime= 2-3 weeks gmx.io
Long
by TradingOn
GMX: Channel DownTrade setup : Price appears on the verge of bullish breakout from Channel Down pattern, which could be a beginning of a bullish trend reversal. We wait for confirmation – price needs to break and stay above $53 resistance zone. If it does, price could revisit $60 next. This is a higher risk trade setup since the overall trend is down. We highlighted GMX in Dec 2022 as our “Coin Pick” fundamental research as a big beneficiary of FTX fallout. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $40, then $26. The nearest Resistance Zone is $53 (previous support), then $60.
Long
by altFINS
$GMX/USDT 12h (#Bybit) Rising wedge breakdown and retestGMX (f.k.a. Gambit) lost 100EMA support and got rejected after pulling back to it, bearish continuation would make sense. ⚡️⚡️ #GMX/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (4.2X) Amount: 5.0% Current Price: 72.890 Entry Zone: 74.345 - 77.445 Take-Profit Targets: 1) 67.335 2) 60.890 3) 54.450 Stop Targets: 1) 83.055 Published By: @Zblaba TSX:GMX #GMXUSDT #Gambit #Derivatives #DEx gmx.io
Short
by TradingOn
GMX: Channel BreakoutTrade setup : Bearish breakout from Sideways Channel ($60 - $90). Downside to $40 support. Price is up 70% since we highlighted GMX in Dec 2022 as our “Coin Pick” fundamental research recently highlighted GMX as a big beneficiary of FTX fallout. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $60, which it broke, then $40. The nearest Resistance Zone is $90.
Long
by altFINS