$GMX Bullish Outlook
* Current Price: $28.634
* Key Levels:
* Support: $25.113 (MA25)
* Resistance: $30.00
Trading Strategy:
Entry:
* Buy: Near $28.005 (MA7) on a dip or a breakout above $28.934 (recent high).
* Stop-Loss: $24.721 (recent swing low)
Targets: 30 , 32 , 34 , 36.7
Risk Management:
* Position Sizing: Adjust your position size to manage risk effectively.
* Trailing Stop-Loss: Consider using a trailing stop-loss to protect profits as the price moves in your favor.