$GMX /USDT chart, I would not chase the price The coin has already made a strong move from around 6.74 → 7.16 and is now trading near resistance.
Chart Analysis
✅ Trend: Bullish
✅ Momentum: Strong buying pressure
⚠️ Current position: Near resistance, so the risk/reward is not ideal for a fresh spot buy.
Spot Buying Setup
Buy Zone 1 (Best):
6.90 – 6.98 USDT (buy on a pullback)
Buy Zone 2 (Aggressive):
7.00 – 7.05 USDT if the price holds above 7.00 after a retest.
Stop Loss
6.74 USDT (below the recent swing low)
Target Prices
🎯 Target 1: 7.30 USDT
🎯 Target 2: 7.60 USDT
🎯 Target 3: 8.00 USDT (if the overall crypto market stays bullish)
My View
❌ Don't FOMO buy at 7.09.
✅ Wait for a pullback into 6.90–7.00, or buy only after a confirmed breakout above 7.16 with strong volume.
Overall Rating: 7.5/10 for a spot trade if you wait for the proper entry. Buying right now carries a higher risk because the coin is close to resistance.
Chart Analysis
✅ Trend: Bullish
✅ Momentum: Strong buying pressure
⚠️ Current position: Near resistance, so the risk/reward is not ideal for a fresh spot buy.
Spot Buying Setup
Buy Zone 1 (Best):
6.90 – 6.98 USDT (buy on a pullback)
Buy Zone 2 (Aggressive):
7.00 – 7.05 USDT if the price holds above 7.00 after a retest.
Stop Loss
6.74 USDT (below the recent swing low)
Target Prices
🎯 Target 1: 7.30 USDT
🎯 Target 2: 7.60 USDT
🎯 Target 3: 8.00 USDT (if the overall crypto market stays bullish)
My View
❌ Don't FOMO buy at 7.09.
✅ Wait for a pullback into 6.90–7.00, or buy only after a confirmed breakout above 7.16 with strong volume.
Overall Rating: 7.5/10 for a spot trade if you wait for the proper entry. Buying right now carries a higher risk because the coin is close to resistance.