GMXUSDT Consolidating Bullish Breakout
Price managed to break clearly above 60 USDT and it has been consolidating the breakout for the last weeks.
Most likely scenario is bullish (1), with the upper band of the channel projecting GMX above 200 USDT.
In the short term, keep an eye on 58,31 USDT level as it could activate the bearish scenario (2) if it was lost and significant volume was printed below it.
Most likely scenario is bullish (1), with the upper band of the channel projecting GMX above 200 USDT.
In the short term, keep an eye on 58,31 USDT level as it could activate the bearish scenario (2) if it was lost and significant volume was printed below it.
Note
Perfect test to key level and bullish scenario still active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.