$GMX

GMXUSDT

Perp

7.053

+2.15%

Long Trade Setup:

– Price is at 8.64 after pulling back slightly from the recent high around 8.78.

– It has been trending higher overall, holding well above the rising 60-period MA with a low of 8.23 today.

– Key level to hold is around 8.23, the 24h low area.

– A clean break above 8.78 would unlock the next push toward 8.65 and higher.

Risk Note:

– If it breaks below 8.23 on volume, the uptrend could stall and lead to a deeper pullback.

Next Move:

– Watching for continuation above current levels or a minor retest of support.

– Buyers staying in control here would keep the momentum going.