GMX Technical Analysis in 3-Day Timeframe

Jul 18

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Now, let’s dive into this chart analysis:

GMX recently rebounded from its lower support trendline and is gearing up for a potential rally toward $40+.

The 21 MA is acting as temporary resistance, and once GMX breaks through this, it is likely to test the upper resistance at $45.

- Entry range: $22 to CMP.
- Close Position: If it breaks down below $22.
- Short-term Target: $42 to $58.
- Mid-term Target: $58 to $72.
- Long-term Target: $71 to $91.

DYOR, NFA.

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