Long GMX
Entry - from current price level (around 39).
TP1 - 50 (30%)
TP2 - 55-56 (50%)
TP3 - 70 (20%).
Technical analysis.
1/ Capitulation on 17, Aug on decent volume (low - $28)
2/ Failure of printing new lows below $28. Weakness on downward movement with no significant volume resulting in failure to print new lows below $28. That's the point where one should seek for signs of reversal. But there's still no entry point.
3/ On 20, Oct we witnessed an enormous volume but on rather small-spread green candle.
As for me, that's enough to have a good long setup:
- There's a trigger for entry
- HLs and HHs (that's that I want to see as a long price action)
- POC - as a stop-loss level (pretty tight stop)
- a lot of room to grow up. No significant pressure until 50-55 level.
Fundamentals.
No need to present this alt. No.1 perpDEX (TVL-wise; like dYdX) which is constantly in top 5-10 projects in terms of fee generating. And it's very important to search for projects that generates positive cash-flow on a daily/weekly basis.
Entry - from current price level (around 39).
TP1 - 50 (30%)
TP2 - 55-56 (50%)
TP3 - 70 (20%).
Technical analysis.
1/ Capitulation on 17, Aug on decent volume (low - $28)
2/ Failure of printing new lows below $28. Weakness on downward movement with no significant volume resulting in failure to print new lows below $28. That's the point where one should seek for signs of reversal. But there's still no entry point.
3/ On 20, Oct we witnessed an enormous volume but on rather small-spread green candle.
As for me, that's enough to have a good long setup:
- There's a trigger for entry
- HLs and HHs (that's that I want to see as a long price action)
- POC - as a stop-loss level (pretty tight stop)
- a lot of room to grow up. No significant pressure until 50-55 level.
Fundamentals.
No need to present this alt. No.1 perpDEX (TVL-wise; like dYdX) which is constantly in top 5-10 projects in terms of fee generating. And it's very important to search for projects that generates positive cash-flow on a daily/weekly basis.
Trade active:
Goes according to a plan. At least, as of now.
Btw, FLOW/USDT has the same chart pattern, but could make a way higher move: x2-x5.
A lot of fundamentally strong projects ( VC-wise, product-wise....) are ready to jump on the train.
Highly likely that BTC will touch 60% level of dominance (around 38-40k) and then will go sideways, rest in consolidation or have a correction after such a strong move. And that's when altcoins can start their move.
Btw, FLOW/USDT has the same chart pattern, but could make a way higher move: x2-x5.
A lot of fundamentally strong projects ( VC-wise, product-wise....) are ready to jump on the train.
Highly likely that BTC will touch 60% level of dominance (around 38-40k) and then will go sideways, rest in consolidation or have a correction after such a strong move. And that's when altcoins can start their move.
Trade active:
54.3 - fix 30%
Trade active:
UPD: GMX has been integrated into Web3 Binance Wallet.
Still holding the rest...
Still holding the rest...
Trade active:
Here we go.
Still holding GMX...
Still holding GMX...