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GMX / TETHER PERPETUAL FUTURES

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GMXUSDT.P trade ideas

GMXUSDT.4HUpon examining the GMX/USDT 4-hour chart, let's dive into a detailed analysis and craft a potential trading strategy: Market Context: GMX has been experiencing a downtrend as evident from the high peaks progressively declining. The recent trading price around $23.78 suggests that GMX is now oscillating near a key support level at $21.69 (S1). Support and Resistance Analysis: There are notable resistance levels at $26.76 (R1) and a higher resistance at $34.39 (R2). These levels are crucial as potential targets for bullish price movements. On the support side, the current focus is on $21.69 (S1). A breach below this level could lead to further declines towards the low at $17.33, representing significant previous lows and psychological support. Technical Indicators and Their Implications: It appears the MACD and RSI indicators failed to load properly on the chart, suggesting a need to reapply these indicators for a complete technical analysis. Typically, MACD would provide insights into the momentum, while RSI would indicate whether the asset is overbought or oversold. Trading Strategy Going Forward: With the price nearing the support at $21.69, watching for a potential bounce or breakdown at this level would be key. A confirmed bounce could present a buying opportunity, aiming for a first target at $26.76 (R1) with a secondary target at $34.39 (R2) if momentum supports continued upward movement. Conversely, a break below $21.69 would necessitate caution. Such a move could signal a sell-off towards $17.33, where a reassessment would be crucial based on market conditions and updated indicator readings. Risk Management: Establishing a stop-loss slightly below $21.69 in case of a long entry is prudent to protect against larger-than-expected losses. Regularly updating technical indicator readings, especially MACD and RSI, would be vital to confirm any trading decisions and adjust strategies as market dynamics evolve. In summary, the GMX market presents a nuanced field for trading, where strategic entries and exits based on key technical levels and updated indicators can optimize potential returns while managing associated risks effectively.
Long
by MarsSignals
Have you forgotten $GMX?Hi everyone, this is BINANCE:GMXUSDT.P idea for its upcoming (major) breakout and from the long-term downtrend. GMX (Limit or Market either one is fine) Entry: 24-28 range SL: 19.965 TP 1: 33.131 TP 2: 48.195 Leverage: 10-20X Potential profit 70% for short to mid-term Hopefully this will work out well and everyone makes profit. Alongside, would be BINANCE:AVAXUSDT.P and BINANCE:ARBUSDT.P perhaps. I might provide updates to this idea as and when necessary.
Long
by wYkeho
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
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
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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.
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by altFINS
GMXUSDT (Bullish)Harmonic Pattern Completion: If the pattern completes, the price might rise towards the D point, which is typically at the 88.6% retracement of XA. Fibonacci Support: The 61.8% Fibonacci level (27.63) is a strong support zone, suggesting a possible reversal from this point. Elliott Wave Theory: The corrective wave (ABC) aligns with the harmonic pattern, adding confluence to the analysis. -The analysis suggests a potential bullish reversal from the current level (around 27.68), aiming towards the D point of the harmonic pattern. However, keep an eye on key support levels and validate the pattern completion with price action before making any trading decisions. Always consider using stop-loss orders to manage risk.
Long
by Erald1
GMX Triple Bottom?GMX is a Decentralized Perpetual Exchange. I use it, and as the old adage says: "Buy What You Use". gmx.io Yes the SEC is suing Uniswap and probably other decentralized exchanges. The last time I checked, the SEC doesn't have jurisdication over the world and is only protecting Americans from scams like FTX and buying Bitcoin under $300 when the first ETF was proposed. The thesis for GMX: A utility token where holders will get fees from traders using the exchange. If we do have a long-term bear market, GMX will allow people to short or hedge their positions. Technicals: - All Time Low was hit yesterday. - Triple bottom. Stop loss: weekly close below $23.
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by NoSecondBest
SHORT #GMXUSDTSHORT #GMXUSDT from $39.39 4h TF. Attention! A signal to test the level confirmed by several touches. The volumes are falling. The seller is active. The instrument removed liquidity from 59.95. According to the law of reverse liquidity. Namely, the price will tend to the level of the beginning of the impulse that launched this movement. At the breakdown, be ready!! To the stake. If everything goes smoothly, the goal is 36.18. We close the imbalance with abnormal volumes.
Short
by CScalp_EN