$GMX is holding a key support zone after a pullback.
Price rose to 7.52 but got rejected, then retraced into the 7.10–7.20 demand area. On the 1H chart, momentum from sellers is slowing, indicating a potential bounce.
Long
$GMX Setup:
Entry: 7.20 – 7.30
Targets: TP1: 7.45 | TP2: 7.65 | TP3: 7.90
Stop-loss: 6.98
As long as 7.10 holds, the structure stays bullish. A reclaim above 7.45 would confirm continuation. Manage risk carefully and trail stops after reaching TP1.
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