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GMXUSDT

GMXUSDT Short Setup Crushes TP1! Bearish Momentum Eyes TP4GMXUSDT on the 4-Hour timeframe executed a short trade setup, successfully hitting TP1 and showing strong momentum to likely reach the remaining targets. Trade Highlights: Entry: $36.805 TP1: $30.815 (DONE) TP2: $21.125 TP3: $11.430 TP4: $5.445 Stop Loss: $41.650 Technical Insights: The downtrend is well-supported by bearish confirmations from the Risological Trading Indicator , with clear rejection at resistance levels. Momentum indicators suggest a continuation of the bearish move.
Short
by ProfitsNinja
GMXUSDT: The Blue Box as a Strong Demand ZoneThe blue box on this chart highlights a carefully identified demand zone, which signals a key area of potential buying interest. This zone is derived from technical analysis and represents a level where buyers are likely to regain control, pushing prices higher. Here's a detailed breakdown of this analysis: 1. Understanding the Demand Zone A demand zone is a price area where significant buying interest exists, often leading to a reversal or sustained upward move. These zones are derived from historical price action and are reinforced by various confluence factors. Blue Box Characteristics: This blue box represents a primary demand zone. It is based on the last significant area of consolidation before a strong bullish move, making it a key level of support. Confidence Level: The blue box is considered high-confidence due to confluences such as Fibonacci retracement levels, order block dynamics, and volume profile analysis. 2. How Was This Zone Identified? This demand zone is drawn using the following methods: Fibonacci Retracement: The 0.618–0.786 range, drawn from the last swing low to swing high, aligns with the demand zone. Order Block Analysis: The blue box highlights the last bearish candle before a significant bullish breakout, indicating institutional activity. Volume Profile: This zone coincides with a high-volume node, suggesting strong accumulation by market participants. Market Structure: The zone respects the higher low pattern in the overall bullish structure, reinforcing its importance. 3. How to Trade the Blue Box When the price approaches the blue box, consider the following strategies: Wait for Confirmation: Monitor the price action for bullish signals, such as a hammer, engulfing candle, or bullish divergence on RSI/MACD. Set Stop-Loss Orders: Place stop-losses slightly below the demand zone to account for potential false breakouts. Target Levels: Set take-profit levels at the next resistance zones or Fibonacci extension levels (e.g., 1.272 or 1.618). 4. Additional Confirmation Signals Strengthen the reliability of trades using these signals: Volume Spikes: Look for increased volume as the price enters the blue box, signaling buyer interest. Bullish Divergences: Identify divergences between price and momentum indicators like RSI or MACD. Break of Local Resistance: A strong break above nearby resistance after testing the blue box further validates the demand zone. 5. Example Scenarios Scenario 1: Price retraces into the blue box and forms a bullish engulfing candle. Enter a long position with a stop-loss below the zone and target the previous swing high. Scenario 2: Price consolidates within the blue box, forming higher lows on lower timeframes. This signals accumulation, presenting a lower-risk entry. This analysis is designed to provide clarity and actionable insights for your trading. While no strategy is infallible, the blue box demand zone offers a high-probability setup based on proven technical principles. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas
Long
by XU99
GMX/USDT trading in the box, preparing for a breakout GMX/USDT is currently moving within a defined box pattern, signaling a period of consolidation. This setup often leads to significant price movements once the breakout occurs. The current structure suggests that the market is gearing up for a decisive move in the coming days. Key insights: - The box pattern indicates a balance between buyers and sellers, with pressure building up for a potential breakout. - A noticeable spike in trading volume during the breakout will be a key confirmation of the direction. - Technical indicators like RSI and MACD are neutral, leaving room for either an upward or downward move. Breakout possibilities: - If GMX breaks above the upper boundary, it could target significant resistance levels, with the first being and the next at . - A breakdown below the box might lead to a test of key support levels, such as . Trading tips: - Wait for a confirmed 4-hour or daily candle close outside the box before making a move. - Use stop-loss orders just beyond the box boundaries to manage risk. - A retest of the box after a breakout can provide a safer entry point. This setup could lead to a substantial price move. Trade wisely, and always do your own research before entering any position.
Long
by Qaisrani-Trades
#GMX (SPOT) IN (29- 33) T. (85) SL(27.19)BINANCE:GMXUSDT #GMX / USDT Entry (29- 33) SL 4H close below 27.19 T1 35 T2 36 T3 42 T4 85 ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX
Long
by Crypto_alphabit
2
GMX/USDT Trading ScenarioGMX is another undervalued asset in the current market. Its price is currently 70% below its all-time high (ATH), yet there is potential for it to reach that level again. The asset is currently trading at $28.37, close to its local minimum. From a volume analysis perspective, the asset is at the Point of Control (POC), which formed in May 2024, when the asset was in an accumulation phase. Trading volumes also indicate heightened interest from market participants in this price range. Despite the overall positive trend, the asset has not yet shown significant growth. However, with the upcoming altseason, it has strong potential to surpass its historical maximum.
by Rick_SimpleSwap
GMX Long Spot Trade (Accumulation Breakout)Market Context: GMX is exhibiting signs of accumulation exit, with price action hinting at a potential breakout. A sustained move above $30, followed by a successful retest of this level as support, could confirm continuation toward higher targets. Trade Setup: Entry Zone: Around support at $30.00 Take Profit Targets: First target: $40.00 Second target: $49.50 Third target: $70.00 Stop Loss: Daily close below $25.00 This trade capitalizes on the breakout potential and a confirmed support flip for a strong upward continuation. Keep an eye on volume to confirm breakout strength.
Long
by Richtv_official
#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
Will GMXUSDT Survive This Critical Moment?Will GMXUSDT Survive This Critical Moment? Yello, Paradisers! Are we on the brink of a major move for #GMXUSDT? Let's dive in. 💎#GMX is currently showing signs of a potential downturn, with the price looking to retest the support level before possibly resuming its upward momentum. The recent successful reclaim of this support is a bullish signal. If GMX can break through the descending resistance, there’s a high probability that the price will hit our target at the strong resistance area. 💎However, caution is needed. If GMX fails to break this pattern and gets rejected, we could see the price pull back to the $21 support level. For the bullish scenario to play out, a breakout is required to confirm the upward movement. On the flip side, if GMX revisits the support and fails to bounce, breaking down below this key area would be a negative sign. This could indicate that the last hope for GMX is at risk. 💎Should GMX fail to reclaim the support and break down the key level, it could potentially set a new bottom, invalidating the bullish scenario and leading to a deeper downward move. As always, make sure to implement sound trading strategies and set your stop-losses wisely. Keep a close eye on the market’s next moves, and stay tuned for more insights from us. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
4
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
GMXUSDT Faces Retest of Weekly Resistance: Breakout or RejectionGMXUSDT is poised for a retest of a critical resistance level on the weekly chart at $59.3517. This resistance zone has been tested seven times on the daily chart, with the last two attempts accompanied by decent buying pressure. Technical Analysis: Resistance: $59.3517 (Weekly) Support: $40.1870 Volume: Increased buying pressure on recent touches of resistance Key Observations: GMXUSDT is approaching a crucial resistance level on the weekly chart. A breakout above this level could signal further upward momentum. The repeated tests on the daily chart, particularly with the recent buying pressure, suggest a potential upcoming breakout. If the price manages to overcome the resistance, the next resistance level on the daily chart is $71.745. Conversely, if the price fails to break above resistance, it could find support at $40.1870. Conclusion: The upcoming price action for GMXUSDT hinges on its ability to overcome the key weekly resistance level. A successful breakout could lead to a surge towards $71.745, while a rejection might trigger a pullback towards the $40.1870 support zone. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt