🚀
$GMX Bullish Breakout? Reclaiming the Structure 📈
$GMX is showing signs of life after a solid bounce from the $7.01 support floor. With higher lows forming on the 1H timeframe, the bulls are fighting to keep the structure intact.
$GMX /USDT
🟢 Trade: LONG
💰 Current Price: ~$7.30 (+1.67%)
🎯 The Trade Plan
* Entry Zone: 7.15 – 7.25
* TP1: 7.45 (Immediate Resistance)
* Final Target: 7.70 – 7.90 (Continuation Zone)
* Stop Loss (SL): 6.98 (Below recent support)
* Leverage: 3x – 5x (Keep it steady)
🔥 Technical Insights
* Support Bounce: Strong rejection at the $7.01 level confirms buyer interest.
* Bullish Reclaim: Staying above $7.30 is crucial; holding this zone validates the 1H trend reversal.
* Path to $7.70+: If the momentum holds,
#GMX primed to test the next major liquidity pocket near $7.75.
💬 Debate:
Are we heading back to $8, or is this just a relief rally before another dip? Let’s hear your take! 👇
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