#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.
29.8k major to be flipped.
Once done welcome to 34.5k
If gets rejected on weekly at 29.8k Down to 26.4-25k range.
Until then bulls doing the job pretty well since couple of weeks keeping the price higher.
Breaking the resistance trendline bullish case.
Long : 2.052
Target : 2.81
Stoploss : 1.967
- Momentum needs to be increased at the time of breakout with increase in volume.
Price getting consolidated at 29k bulls are trying to break through the resistance. Volume confirmed breakout leads to 37.5k 42k beyond in the mid term.
