#GMXUSDT at a Key Level: Reversal Up or Further DropThe BYBIT:GMXUSDT.P price is consolidating after a sharp decline and is currently hovering around $19.870. A breakout above resistance or a drop below support will define the next move.
Two possible scenarios:
🔵 Bullish scenario: Holding above $20.480 activates a long setup towards $22.025.
🔴 Bearish scenario: Losing $19.220 confirms a short setup towards $18.040.
⚡ Best approach – place both scenarios in your watchlist and wait for confirmation.
⚡ This allows traders to avoid guessing and enter only after confirmation.
⏱ 1H Timeframe
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📈 LONG BYBIT:GMXUSDT.P from $20.480
🛡 Stop Loss: $19.870
✅ Overview:
➡️ BYBIT:GMXUSDT.P is stabilizing around $19.870 - $20.065 (POC), the key liquidity zone.
➡️ The price is attempting a recovery but hasn’t broken $20.210 yet.
➡️ A confirmed breakout above $20.480 would open the way toward $21.250 and $22.025.
⚡ Plan:
✅ Bullish confirmation requires a breakout above $20.480 and consolidation.
✅ Monitor reaction at $20.065 (POC) – the key volume zone.
✅ If the breakout is weak, a pullback to $19.770 is possible.
📍 Take Profit targets:
🎯 TP1: $21.250 – local resistance.
💎 TP2: $22.025 – main profit-taking zone.
🚀 BYBIT:GMXUSDT.P is testing a key level — waiting for a breakout signal!
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📉 SHORT BYBIT:GMXUSDT.P from $19.220
🛡 Stop Loss: $19.770
✅ Overview:
➡️ If the price fails to break $20.065 and starts dropping, a test of $19.220 is expected.
➡️ A breakdown below $19.220 could trigger a move toward $18.655 and $18.040.
➡️ Volume indicators suggest possible distribution, increasing bearish pressure.
⚡ Plan:
✅ Bearish confirmation requires a break below $19.220 and consolidation.
✅ Watch reaction at $19.770 – if it holds, a reversal could form.
✅ If selling pressure increases, the drop could accelerate.
📍 Take Profit targets:
🎯 TP1: $18.655 – intermediate support.
💎 TP2: $18.040 – deep correction.
🚀 BYBIT:GMXUSDT.P is at risk of a breakdown — expecting a move to $18.040!
