$GMX /USDT โ Bullish Structure Holding Above Supertrend! ๐
Momentum Analysis
GMX is trading at $6.57 (+2.34%) and holding firmly above the Supertrend (10,3) at $6.37, signaling short-term bullish control.
Price tapped a 24H high of $6.61 and is consolidating just below minor resistance at $6.64 (depth level).
๐ Volume:
24H Vol (GMX): 87,490 GMX
24H Vol (USDT): 558,194 USDT
24H Low: $6.19
Buyers are defending dips near $6.35โ$6.45 zone, showing accumulation behavior.
Long Setup
Entry Zone: $6.45 โ $6.55
Targets:
๐ฏ T1: $6.75
๐ฏ T2: $6.95
๐ฏ T3: $7.20
Stop Loss: $6.28
Breakout Confirmation Level
โ Strong breakout confirmation above $6.64
If we get a clean close above this level on 1H timeframe, continuation toward $6.90+ becomes highly probable.
Key Support
Major support sits at $6.19 (24H low).
As long as price holds above $6.37 Supertrend, bulls maintain short-term advantage.
Pro Tip for Traders
Donโt FOMO near resistance. Let breakout confirm above $6.64 with strong volume expansion. If Bitcoin stays stable, GMX could extend toward the $7 psychological zone.
#GMX #DeFi #CryptoTrading #Binance #Altcoins ๐
Momentum Analysis
GMX is trading at $6.57 (+2.34%) and holding firmly above the Supertrend (10,3) at $6.37, signaling short-term bullish control.
Price tapped a 24H high of $6.61 and is consolidating just below minor resistance at $6.64 (depth level).
๐ Volume:
24H Vol (GMX): 87,490 GMX
24H Vol (USDT): 558,194 USDT
24H Low: $6.19
Buyers are defending dips near $6.35โ$6.45 zone, showing accumulation behavior.
Long Setup
Entry Zone: $6.45 โ $6.55
Targets:
๐ฏ T1: $6.75
๐ฏ T2: $6.95
๐ฏ T3: $7.20
Stop Loss: $6.28
Breakout Confirmation Level
โ Strong breakout confirmation above $6.64
If we get a clean close above this level on 1H timeframe, continuation toward $6.90+ becomes highly probable.
Key Support
Major support sits at $6.19 (24H low).
As long as price holds above $6.37 Supertrend, bulls maintain short-term advantage.
Pro Tip for Traders
Donโt FOMO near resistance. Let breakout confirm above $6.64 with strong volume expansion. If Bitcoin stays stable, GMX could extend toward the $7 psychological zone.
#GMX #DeFi #CryptoTrading #Binance #Altcoins ๐