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GMXBTC

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 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
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 ANALYSIS (1D)According to the wave count of the GMX chart, we can consider a triangle or diametric scenario for this coin. We now seem to be in wave e of D. Whichever of these scenarios is going on, the red flip range is the range where we are looking for sell/short positions. We marked the targets on the picture. We also specified the invalidation level, closing a daily candle above this level will violate the analysis. 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
by behdark
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 (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
GMXUSDT APRIL looking promising Ethereum Shanghai is releasing on April 12th and the perpetual DEX narrative seems like is catching eyes for ARPIL. Iiquidity pools will be hotter later this year. "Ethereum Shanghai" is currently the hot topic in cryptocurrency space with such update, now what is "Ethereum Shanghai" all about? -As we all know, "Ethereum Merge" update took place earlier in September 2022 and switched the mining process of Ethereum from PoW to PoS. With PoS thousands of investors were able to stake their precious ETH for 3-6% yearly staking rewards, all they were required was 32 ETH initially to stake and lock their ETH for a couple months without being able to move them. Now, with "Ethereum Shanghai" investors will finally be able to withdraw their precious ETH. So to sum things up, "Ethereum Shanghai" is the upgrade that will allow investors to withdraw the money they are staking. What will this mean for the price of Ethereum? - Users have been staking ETH since December 2020 in the Beacon Chain to help secure the exchange by earning rewards. It is thanks to the "Ethereum Shanghai" upgrade those investors will be able to move their money now. It is not necessarily a bearish scenario for Ethereum's price to go down as a result from investors withdrawing their money. However, investors are speculating that Liquid Staking Derivatives(L.S.D :memes_laugh_elon: ) like Lido, Rocketpool, and FXS are going to start attracting all of that money as their staking rewards are seemingly more attractive and offer the option to be able to withdraw their money at any given time.
Long
by CryptoGao1
GMXBTC spot LONG OPPORTUNITYGMXBTC looking bullish. It looks like its primed for a reversal using the /BTC as as different POV to see this analysis. Some of the reasons i like using /btc charts as a different POV are : 1)Benchmarking: /BTC charts can provide a benchmark for measuring the performance of altcoins against Bitcoin. Since Bitcoin is the largest and most well-known cryptocurrency, investors often compare the performance of altcoins to Bitcoin to assess their investment opportunities. 2)Trading strategies: Cryptoinvestors use/BTC charts to develop trading strategies that capitalize on the price movements of both cryptocurrencies. By analyzing the price movements of /BTC, investors can identify trends and patterns that can help them make informed trading decisions.
GLong
by CryptoGao1
$GMX/#BTC [#GMX]: BBand_Breakout Super-TrendOn the $GMX / $BTC chart, we can see a Bollinger Band breakout and a Super Trend pattern. Both indicators are indicating a bullish trend, with the Bollinger Band indicating a probable positive trend as the price has moved outside of the upper band and the Super Trend indicating a bullish trend. Because both indicators are in sync, this is a stronger bullish indication. To buy at the current price range and aim for higher levels would be a solid option. Our analysis indicates that the key resistance levels are at 0.003243 | 0.003525 | 0.004068 and the major support zones are at 0.0027 | 0.002439 | 0.001896. Technical Metrics : Current price: 0.003257 24H Volume: 17.2855 Ƀ 24H Price change: 13.524% - Pivot Points - Levels : Resistance: 0.003243 | 0.003525 | 0.004068 Support: 0.0027 | 0.002439 | 0.001896 Indicators recommandation : Oscillators: SELL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth GMXBTC technical analysis on > Tradingview TA page What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
G
by Crypto2AF