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GMX / TETHER Standard Futures

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GMXUSDT.PS trade ideas

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
GMXUSDT - Trade SetupThe initial trade suggests a long position on GMXUSDT with an entry range between 31.53 and 32.30. For risk management, set your stop loss at approximately 6% to 8% of the trade value. The risk-to-reward ratio for this trade is 1:5, making it potentially profitable. However, it's important to monitor smaller timeframes for continued higher highs, as the 1-day timeframe currently shows a bearish trend. Your target for taking profit should be around 45.
Long
by MaximumCryptoSignals