🚀 GMX/USDT Analysis: Key Levels and Entry Strategy
1. Support and Resistance Levels:
- Support (Buy Zone): Around $25.02
- Previous support held well during recent pullbacks.
- A bounce from this level could signal further upside.
- Resistance (Sell Zone): Near $27.00
- Price struggled to break above this level.
- A decisive move beyond it may lead to sustained gains.
2. Current and Previous Values:
- Current Price: $26.36
- Up 1.19% in the last 24 hours.
- Previous Close: $26.05
- Bullish momentum continues.
3. Entry Strategy:
- Long Position:
- Wait for a pullback toward support ($25.02).
- Confirm with bullish candle patterns (e.g., hammer, engulfing).
- Set a stop-loss just below support.
- Target resistance ($27.00) or higher.
Remember, always do your own research and consider risk management. Happy trading! 📈💡
Feel free to customize this post further or ask for additional details! 😊.
#GMXToken #GMXUSDT #GMXSurge #CryptoMarketMoves #Write2Earn!