GMXUSDT trade ideas
GMX 22623Need to bet on Arbitrum? This is the one still.
Extremely limited supply much like Bitcoin but most of it is locked up in staking.
FUndamentals, it has a few issues that make me limit my exposure. I understand after living through the Luna disaster why a team needs admin keys. However this can work against it if that security is ever compromised.
Target is ath
GMX long The weekly looks really good to me
I think it outperformed in the bear market and I've been watching it for a while. I also think altcoins will continue rallying.
I'll buy more if it dips again
GMXUSDT, key zones to watch and buy point 👀Hello guys, Everything is explained on the chart for you like always. GMX as a good Arbitrum-Ecosystem Tokens, you can keep that in your watchlist. First support zone around 73$ and point of interest is around 70$. Temporary targets will be 88 and 100$.
Good luck.
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GMX: Pullback in UptrendTrade setup : Following a breakout from Sideways Channel ($30-$60) with robust volume, price resumed its Uptrend. Price broke above $75 and is now retesting that level. If it holds, price has upside potential up to $90. Our own fundamental research recently highlighted GMX as a big beneficiary of FTX fallout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $30. The nearest Resistance Zone is $75, which it broke, then $90.
How to make money on Arbitrum?Arbitrum is one of the most anticipated and discussed projects of 2022 and 2023. The Arbitrum network is already fully launched and many users are waiting for the release of the network's native token. In addition, the Arbitrum ecosystem is actively growing and developing, with many projects appearing literally out of nowhere, capturing the market and attracting huge liquidity. But the main question for all traders is how can we make money on it?
How to make money?
All projects on Arbitrum, including Arbitrum itself, will have their own native tokens sooner or later. The more popular Arbitrum is, the higher the potential value of the Arbitrum native token and native tokens of projects that are built in the Arbitrum ecosystem is. This is the most important thing for us.
The main task of a trader is to find the most promising projects on Arbitrum, keep track of when the token appears and look for profitable trading opportunities.
Considering that our reader already has a trading strategy and knows how to trade, our goal is to tell you about the most interesting projects that you can make money on.
Prospective projects with a token
1. $GMX – a decentralized futures exchange
2. $GNS – margin trading
3. $DPX – on-chain options
4. $MAGIC – a gaming ecosystem
5. $VELA – a decentralized futures exchange
6. $RDNT – an omnichannel credit protocol
7. $MVX – margin trading
8. $GRAIL – a decentralized exchange
9. $PLS – a liquidity market
10. $VESTA – a loan protocol
11. $PREMIA – on-chain options
What to do next?
Search for good trading opportunities
Look for promising new projects on Arbitrum
Stay tuned for news on the launch of the Arbitrum native token
Check our ideas about ZK Narrative
and Asset tokenization trend
Tell us what do you think about Arbitrum in a comments section
Additionaly, write down in the comments section what narrative are you interested in the most: ZK, Asset tokenization or Arbitrum.
We will prepare more detailed info about it for you! Thanks
short GMX$GMX bounced off the resistance level. Decline to support level at 63.8$ is likely to happen.
Gmx Still Looking goodSeems Like gmx Getting Ready for another Bulish Impulse
Bulish flag Breakout Has Already confirmed
Expecting 35 to 40% bulish Move
GMXIdea: The price is trying to rise to the upper trend line and form a bullhorn pattern. Support and resistance levels are indicated. This is not financial advice, just a trading idea!
GMXUSD: Bearish Gartley with 4HR MACD Bearish DivergenceThere is a Bearish Gartley visible on the 4 Hour with MACD Bearish Divergence; if it reaches the full target it should see a pullback to around the 200 SMA again.
GmxYearly targets for the most functional dex
Yeild for stakers paid in eth
On arbitum
Hottest coin this year probably
Expecting it to be outperforming this entire cycle
Already in price discovery
Those fib extentions will probably hit this year...
GMX - bye old ATHAs you can see we have two possibilities
1 ) Flip and retest old ATH then long it
2) Or in case of BTC pullback , we can long it at bullish weekly ob
DYOR and trade safe
GMX RangeHave been trading this $GMX range for a few months, hasn't let me down yet.
Long here, will reevaluate at midrange based on rest of market
About to bullish?👀It's a fallin wedge pattern In 4h time frame
Bulls must breakout the upside of the pattern to bullish confirmation
And if it happen we think it will reach to 57$ zone
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Tell me what do u think about this coin?
Good luck for all💙
TradetoProspa -GMX short entryHi Traders,
#GMX #GML #Arbitary #crypto
I explain why this is a good level to enter a short.
All the best,
S.SAri
GMX prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for GMX for the end of the year are the following:
GMX/USDT short
Entry Range: $55 - 60
Price Target 1: $51
Price Target 2: $45
Price Target 3: $38
Stop Loss: $69
GMX continuationVery little chart history but strong fundamentals and a retest of some key support complete with bounce.
Looking for a retest of ATH over the next few weeks.
A nice reaction to the support outlined
long GMX$GMX is bouncing off the bullish trendline. The trend is expected to continue and rhea the resistance levels at 64$
