$GMX is trading at $8.51 and the 15-minute tape is showing controlled strength. What stands out is the lack of heavy giveback. Strong markets push, then compress. Weak markets push, then dump. GMX looks like it’s compressing, which keeps continuation bias on the table.

The nearby defended support zone is $8.30–$8.40. If buyers keep holding that band on dips, it signals the move is being defended and sellers are getting absorbed. Right now price is consolidating near $8.45–$8.55, basically coiling under resistance with tighter candles.

If momentum expands, resistance targets sit at $8.65–$8.80 first. Clear that and you open the path toward $9.05–$9.30, where supply typically thickens and the tape either accelerates or stalls.

Bias is bullish while $8.30–$8.40 holds and the consolidation stays elevated. The caution level is $8.25. Acceptance below that weakens the short-term structure and increases odds of a deeper retrace back into the prior base. Educational read only, not trade advice.

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