Is $GMX at $8.23 offering a reset after the 8.56% drop, or is the bullish structure cracking? 👀
4h is down 8.7%, but price still holds above the 20d and 50d MAs. That matters.
Volume is 2.4x the 20d average while RSI sits at 43. Shorts? Not exactly.
Funding is +0.010%, so longs are paying while momentum bleeds. Feels a bit like $SOL here, but GMX has its own trap zones.
I’m watching $8.00. If it gets there, I want buyers to reclaim it, not catch a falling knife. 🧊
Is $GMX defending trend or starting a deeper unwind? Am I early or late? 🔥
#GMX #Trading
4h is down 8.7%, but price still holds above the 20d and 50d MAs. That matters.
Volume is 2.4x the 20d average while RSI sits at 43. Shorts? Not exactly.
Funding is +0.010%, so longs are paying while momentum bleeds. Feels a bit like $SOL here, but GMX has its own trap zones.
I’m watching $8.00. If it gets there, I want buyers to reclaim it, not catch a falling knife. 🧊
Is $GMX defending trend or starting a deeper unwind? Am I early or late? 🔥
#GMX #Trading