💎 $GMX Analysis [4H] 🦀

#GMX is breaking out of a multi-month descending trendline on the 4H timeframe, signaling a potential shift in market structure. The recent reaction shows demand building around the 8.00 level after a successful trendline retest. As long as price holds above 8.00, a move toward the key horizontal resistance at 9.727 is likely. A clean break below 7.50 would invalidate the setup and suggest further downside.

🔑 Key Levels:

🧱 Resistance: 9.727, 10.50

🍏 Support: 8.00, 7.50

#Crypto #Trading $GMX

Not financial advice. DYOR.