GMXUSDT Technical analysis update
GMXUSDT has formed an inverse head and shoulder pattern on the daily chart. With the price breaking its neckline, this suggests a potential bullish signal for GMX.
Buy zone: Below $55.50
Stop loss : $48.75
Take Profit 1: $60.50
Take Profit 2: $72.00
Take Profit 3: $90.00
Thanks
Hexa
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...
💎 GMX has been a notable point of focus in the market. It's currently in a consolidation phase within the demand area. However, recent chart activity suggests a positive shift in momentum.
💎 For GMX to maintain its upward trajectory and reach new heights, it's crucial for it to break through the resistance area and form a higher high, probability aligning with...
💎 GMX has certainly caught our eye. At present, GMX is rebounding within a demand zone and is encapsulated by a falling wedge formation. A surge in bullish momentum is anticipated if GMX can breach both the local resistance range of $36.20 - $36.80 and the falling wedge pattern.
💎 It's crucial to await a confirmed breakout to guard against potential false...
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