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GMXUSDT trade ideas

GMX ???Hi. COINEX:GMXUSDT has broken out of an ascending triangle pattern with good volume, the 100-day moving average and Ichimoku cloud suggest a bullish trend 🧐 AB=CD The bullish move may continue after a successful retest of the triangle 👨‍💻 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
GMXUSDT (Bullish)Harmonic Pattern Completion: If the pattern completes, the price might rise towards the D point, which is typically at the 88.6% retracement of XA. Fibonacci Support: The 61.8% Fibonacci level (27.63) is a strong support zone, suggesting a possible reversal from this point. Elliott Wave Theory: The corrective wave (ABC) aligns with the harmonic pattern, adding confluence to the analysis. -The analysis suggests a potential bullish reversal from the current level (around 27.68), aiming towards the D point of the harmonic pattern. However, keep an eye on key support levels and validate the pattern completion with price action before making any trading decisions. Always consider using stop-loss orders to manage risk.
Long
by Erald1
GMXUSD, Consolidation phase is near to endHi, traders. Welcome to our cryptocurrency community! 🚀Whether you're an experienced trader or just getting started in the world of cryptocurrencies, we're delighted to have you here. We are willing to talk about the GMXUSDT coin. #GMXUSDT Update: 💹. During the 12-hour period, #GMXUSDT moved in a descending channel. It breaks the resistance and forms a range zone 📊 💰. Once it breaks through this zone and closes above it. A significant bullish rally is expected. Expect a nearly 100% increase in the mid-term. 👉✅.
Long
by CryptoAnalystHub
GMXGMX is a decentralized spot and perpetual exchange that operates on the Arbitrum and Avalanche blockchains, offering traders low swap fees and zero price impact trades. It leverages a unique multi-asset pool that provides liquidity for trades and earns yield from market making, swap fees, and leverage trading. Given GMX's innovative approach to decentralized trading and its recent market trends, the next price targets for GMX could be $36, $44, and $52. Investors might consider capitalizing on this upward trend by entering a position at the current level. This trading idea is predicated on the continued growth and innovation in the DeFi sector, with GMX positioned as a key player due to its unique trading features and liquidity solutions.
Long
by icordkaz
GMX Triple Bottom?GMX is a Decentralized Perpetual Exchange. I use it, and as the old adage says: "Buy What You Use". gmx.io Yes the SEC is suing Uniswap and probably other decentralized exchanges. The last time I checked, the SEC doesn't have jurisdication over the world and is only protecting Americans from scams like FTX and buying Bitcoin under $300 when the first ETF was proposed. The thesis for GMX: A utility token where holders will get fees from traders using the exchange. If we do have a long-term bear market, GMX will allow people to short or hedge their positions. Technicals: - All Time Low was hit yesterday. - Triple bottom. Stop loss: weekly close below $23.
Long
by ethmike
SHORT #GMXUSDTSHORT #GMXUSDT from $39.39 4h TF. Attention! A signal to test the level confirmed by several touches. The volumes are falling. The seller is active. The instrument removed liquidity from 59.95. According to the law of reverse liquidity. Namely, the price will tend to the level of the beginning of the impulse that launched this movement. At the breakdown, be ready!! To the stake. If everything goes smoothly, the goal is 36.18. We close the imbalance with abnormal volumes.
Short
by CScalp_EN
📈GMX: Support and Short Opportunities🔒🔍Today the market is taking a breather, and the analysis focuses on the coin GMX, which has broken the line at $54.01 from our previous analysis, triggering a 23% short position. Currently, it's testing support at $44.24, having faked out once and reacted twice. ✅If you opened a short position at $54.01 and haven't taken profit yet, I suggest closing a small portion to secure some gains. If you've taken profit, wait to see how it reacts at $44.24. If it breaks down, expect lower targets; if it holds, consider closing your position to lock in profits. 📉If you don't have an open position, the next trigger is $44.24, which could accompany the next wave. Currently, volume has decreased compared to before, typical for weekends. ⚡️The RSI indicator lacks a precise trigger, but considering the downward momentum on the 4-hour timeframe, opening a position could be warranted. If the price continues to range for an extended period, assess new market structures before opening positions. 🔑Note that all downward movements are corrective, and any coin could pump at any moment. If you have confirmation, you can consider longing after the breakout of $48.02. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96