$GMX prints real trading fees… yet sitting at 6.81 — that disconnect won’t last 👀⚡
But don’t chase here ❌
Short-term looks overheated — pullback likely before continuation 📉➡️📈
LONG on dip:
📍 Entry: 6.20 – 6.50
🎯 TP1: 7.80
🎯 TP2: 8.40
🛑 SL: 5.70
Market Insight:
• 4H shows a completed 5-wave downside move near 5.30 — structure reset 💡
• 3 months of consolidation between 5.80 – 7.80
• Break above 6.80 resistance just happened 🚀
• StochRSI (98) & MASTOCHRSI (95) = overbought short-term ⚠️
• Expect a dip before the next leg up
Key Level:
🔴 Major resistance cluster at 7.80 – 8.00 — real test zone
DeFi perps narrative is heating up… and
$GMX is leading the charge 🔥
Patience pays — wait for the setup, not the hype 👇
$JTO $ME
#LongSetup #CryptoSignals #DYOR