$GMX
/USDT is showing a controlled recovery phase after defending the 7.20–7.25 demand zone, with price now hovering near 7.62. The structure on the lower timeframe reveals step-wise accumulation rather than impulsive buying, suggesting smart money positioning. Price is trading right around the MA60, acting as a short-term equilibrium. Volume spikes appear on green candles, confirming buyers are active on dips, while sell pressure remains weak and corrective. As long as GMX holds above 7.50, the path opens toward 7.80–8.10 where prior liquidity rests. A clean break above this range could shift momentum into a short-term trend reversal. Failure to hold 7.50 would delay the move and invite consolidation. Conclusion: this is a compression phase before expansion. Pro tip: wait for a high-volume close above 7.70 for confirmation instead of chasing mid-range moves.
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