GMX/USDT Major Falling Wedge, What's the Next move ??

Yello Paradisers, Potential Coin! #GMX

💎 GMX is exhibiting intriguing movements, particularly if it successfully breaks out of the major falling wedge pattern. The optimal entry point would be post the breakout of this falling wedge pattern.

💎 Should GMX fail to breach or face rejection at the resistance area, it’s likely to revert to testing the key support area. In such a scenario, purchasing at the key support area and awaiting a bullish rejection candle would be the strategic move.

💎 A substantial surge is on the cards if GMX manages to break the falling wedge, with a clear path to reach Target 1, testing the supply zone area. This zone is pivotal for GMX as breaking through it would confirm a bullish movement.

💎 The analysis would be invalidated if GMX concludes below the key support area in the daily close candle.

Trade closed: target reached:

Nailed it again - #GMX is up 55.96%, right on cue!