GMXUSDT.P trade ideas
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 GMXTSX:GMX bounced off the support level and the ascending trendline. Bullish movement to $60 is likely to happen.
#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
GMX climbing wave to 62~662h time frame
-
GMX just broke the falling wedge.
It shows more chance to keeping going upward.
TP: 61.3~63.6 and 66.8 is the final targer
SL: 52.7
GmxusdtThis exchange redistributed ~50-70% of its marketcap in ethereum to gmx stakers in q1 alone
Heavily undervalued as long as people keep using it
Look poised to start a new uptrend here first higher low then off we go?
long GMXTSX:GMX broke through the descending trendline. Bullish movement to resistance level at $57.82 is expected to happen.
GMXUSD ❕ broke up the channelGMX broke up 50EMA (1H TF)
On the 30m Timeframe, the chart has fixed above the 200EMA.
I believe the asset will continue to rise.
GMX breaking out of descending channelGMX seems to be breaking out of the descending channel from the last few months.
im long here since 49.17
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.
GMX ready to $1321D time frame
-
GMX retesting well so far.
Entry is good around 50.
Target: 132.3
SL: 37.9 (need to carefully manage your position)
GMXI've made the decision to buy some GMX with a target of 58, 64, 67 and a stop at 52.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
GmxusdtDown 40% from recent high
Alts look due for relief
First higher low after breaking downtrend?
$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
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.
Proprietary Research Backs Long Position on $GMXToday, I wanted to share an investment recommendation based on my extensive proprietary research and over 100 years of trading experience. I am recommending a long position on $GMX.
After careful analysis and consideration of various factors, I believe that TSX:GMX has significant potential for growth in the coming months. While I cannot disclose the specifics of my research, I have taken into account the company's financial performance, industry trends, and recent developments.
It's important to note that investing in the stock market carries inherent risks, and it is crucial to conduct your own due diligence and consider your risk tolerance before making any investment decisions. Market conditions can change rapidly, and it's essential to stay updated on relevant news and events that may impact your investments.
As always, I encourage you to seek advice from financial professionals or conduct your own research before acting on any investment recommendation. Remember that past performance is not indicative of future results, and diversification is an important strategy to manage risk.
Please keep in mind that my recommendation is based on the information available to me, but the final decision rests with you as individual investors. It's essential to make well-informed choices that align with your investment goals and risk profile.
Thank you for your continued support and trust. I will strive to provide you with valuable insights and recommendations in the future. Wishing you success in your investment journey!
Don't Fade This...Arbitrum Ecosystem play - I expect this to do very well if we're in a bull market.
GMX - V2 Release soon
Why GMX Token is a Must-Buy! 💰📈
Hey, you greedy capitalist! GMX token is an opportunity you simply cannot ignore! 🔥
Let me break it down for you:
GMX utilizes not one, but TWO tokens in its protocol. We've got GMX (governance) and GLP (liquidity) tokens working in harmony.
But here's the real kicker: approximately 80% of the circulating supply is staked! This means that a significant portion of GMX tokens is locked up, creating scarcity and driving up the value. 💎
Now, let's talk about revenue generation.
GMX protocol is a cash machine, generating over $100k in daily fees! But here's where it gets exciting: 30% of those fees go directly to GMX stakers. By simply holding GMX tokens, you're earning a passive income.
And if you're a clever farmer, GLP is your golden ticket to profit. With 70% of the fees pouring into the GLP pool, yield farming becomes a lucrative endeavor.
Now, let's delve into the technicals.
GMX is currently sitting on a daily support level, providing a solid foundation for potential gains. But that's not all – keep an eye out for the bullish RSI divergence. It's a clear sign that momentum is building, indicating an imminent move to the upside. Don't miss the boat! 📈
Furthermore, GMX v2 is already being tested on the testnet, and it's only a matter of time before its release on Arbitrum and Avalanche mainnet. This development can bring increased adoption and drive the token's value even higher.
In summary, GMX is a must-buy for those who are smart and savvy. With limited token supply, significant revenue generation, passive income opportunities, and promising technical indicators, GMX is primed for success.
So, what are you waiting for? Grab those GMX tokens and join the ranks of the smart investors.
The time is ripe for seizing this opportunity! 💰🚀
Disclaimer: Remember to conduct thorough research and consult with professionals before making any investment decisions. This thread is for informational purposes only and should not be considered financial advice. Invest wisely!
#GMX IDEA#GMX IDEA
The coin is a gem, with a beautiful chart. It's a good time to buy and hold for the upcoming bull run season.
GMX: Sideways ChannelTrade setup : Price got rejected again (3x) at $90 resistance level and is likely to revisit $60-$65 support zone. It’s currently consolidating in a Sideways Channel ($60-90). Swing traders could Enter near $60-$65 Channel Support and Exit near $90 Channel Resistance. 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 Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $60, then $40. The nearest Resistance Zone is $90.
#GMXUSDT At Support, MACD Divergence Signals Potential Reversal💎#GMXUSDT has shown promising signs of a potential bullish reversal. After breaking the downtrend trendline, the price found support at the previous supply area, which has now transformed into a demand zone. Additionally, the 200 Moving Average and 50% Fibonacci retracement level are acting as strong support. The MACD has also signaled a bullish divergence, indicating a possible pullback or continuation of the long-term uptrend.
💎Overall, the outlook for TSX:GMX is bullish in the long term, contingent upon the price staying above the current demand area. The upside target of $70.5, marked by a double Fibonacci resistance, looks enticing.
💎On the other hand, if the price breaks and closes below the current Fibonacci support, it may signal a continuation of downside pressure.
short GMXTSX:GMX broke through the ascending trendline and the support level. Decline to support level at 50$ is likely to happen.
