GMX / TetherUSLong
GMX Long Spot Trade (Accumulation Breakout)
Market Context:
GMX is exhibiting signs of accumulation exit, with price action hinting at a potential breakout. A sustained move above $30, followed by a successful retest of this level as support, could confirm continuation toward higher targets.
Trade Setup:
Entry Zone: Around support at $30.00
Take Profit Targets:
First target: $40.00
Second target: $49.50
Third target: $70.00
Stop Loss: Daily close below $25.00
This trade capitalizes on the breakout potential and a confirmed support flip for a strong upward continuation. Keep an eye on volume to confirm breakout strength.
GMX is exhibiting signs of accumulation exit, with price action hinting at a potential breakout. A sustained move above $30, followed by a successful retest of this level as support, could confirm continuation toward higher targets.
Trade Setup:
Entry Zone: Around support at $30.00
Take Profit Targets:
First target: $40.00
Second target: $49.50
Third target: $70.00
Stop Loss: Daily close below $25.00
This trade capitalizes on the breakout potential and a confirmed support flip for a strong upward continuation. Keep an eye on volume to confirm breakout strength.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.