#GMX reached 80.29$

Approximately 30% profit done ✅

#GMX , After reaching its historical high, it is moving in a descending channel. If the price can break the channel, it will probably fall to the support of $59.40-60.90, otherwise it will rise to the resistance of $76.50-77.90.

The price of #GMX has been moving in an ascending channel since it was listed on the Binance . After it reached the top of the channel and failed to cross it,The price started to drop, which created a downtrend line until the trendline is broken, the downtrend continues. These price declines are actually price corrections and the trend is generally bullish.

#GMX / USDT - Long

Leverage : 5X

Entry : 72.56 Stop limit

Targets : 74.69 - 79.33 - 85.66 $

Stop Loss : 69.90 $

Exchange : #Binance

Perpetual Trading Protocol #GMX Bags Biggest Chunk of $40M #Arbitrum Grant.

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The price of #GMX started to decrease after the formation of a bearish harmonic pattern. After reaching the uptrend line, it can grow again and reach the resistance level of $60 - $55

#GMX is trading within a descending channel, We are expecting a bullish breakout from the descending line .

The price is currently adhering to a descending resistance pattern. However, the price is inching closer to a resistance level at $33.5, which could be the game-changer. If the price taps into this level and gains momentum, we might witness a bullish breakout.

A break above the descending resistance could push #GMXUSDT toward the major supply area at $58.00. This zone is crucial—if we see a successful breach, expect a strong bullish move targeting the next resistance zone.

If #GMXUSDT fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $20.00.

Currently, #GMXUSDT is showing strong potential for a bullish continuation from a critical demand zone at $22.00. We’ve been closely monitoring this asset as it follows a falling wedge pattern, and it's attempting a breakout from this formation. The next key target for #GMX after a successful breakout is the internal minor resistance at $34.

#GMXUSDT tests the boundaries of a symmetrical triangle formation. After bouncing off the support at $19.30, we're now seeing signs of a potential breakout from this pattern, and if it happens, we could be gearing up for a massive surge toward internal resistance.

For this move to hold, #GMXUSDT needs to break through the critical resistance level at $26.00 . This is where things get interesting. If #GMX clears this level, we could witness a powerful rally toward the major resistance zone—a move that might just be the spark igniting the next big push.

Currently, #GMXUSDT is moving along a descending channel, sitting close to a potential breakout zone that could fuel a strong upward surge. Right now, #GMX is testing the channel’s upper resistance, creating a high probability of a breakout. But don’t rush—let’s get confirmation first.

For this breakout to signal a real bullish move, #GMXUSDT needs to decisively break past the minor resistance at $33.70. This breakout only gains significance if it’s backed by solid bullish indicators, such as clear engulfing candles and strong buying volume.