GMX/USDT completed the 5 waves of Elliot Waves and now it at corrective phase.
- Wave B pull back to 0.618 of wave A.
- Bearish momentum.
Potential short to the next support. As in few hours there will be CPI news coming out so be careful while trading.
GOOD LUCK!
💎 Paradisers, let's take a closer look at GMX/USDT. On the daily chart, a head and shoulder pattern is emerging, hinting at a potential price reversal. Here's the breakdown: the left shoulder indicates higher highs, the head continues this trend, but the right shoulder? It's showing a lower high, signaling a possible shift.
💎 For this pattern to truly manifest,...
BINANCE:GMXUSDT.P
Pull back on head and shoulders pattern breakout.
Long 5x -10x
Entries - 57.00 -55.43
Targets 61.90 63.40 67.30
Sl-52.00
1% of your capital only highly recommended. If not don't take the trade.
We closed above 59.15 ,good bullish sign ,we trying to catch up the pull back and ride the next rally⬆️.
BINANCE:GMXUSDT.P
Head & Shoulder pattern
Just our Like GAL and THETA analysis this can also 🚀🥳
Let's wait for 4H closing
I'm personally in trade already if something wrong I'll close in profit only.
#GMX Daily breaking out of ascending triangle. Bullish confirmation on retest resistance as support and bounce classically. Buying some #GMX around HKEX:88 - $87.
Stop at $85.
