Long GMX
Entry - from current price level (around 39).
TP1 - 50 (30%)
TP2 - 55-56 (50%)
TP3 - 70 (20%).
Technical analysis.
1/ Capitulation on 17, Aug on decent volume (low - $28)
2/ Failure of printing new lows below $28. Weakness on downward movement with no significant volume resulting in failure to print new lows below $28. That's the point where one should seek for signs of reversal. But there's still no entry point.
3/ On 20, Oct we witnessed an enormous volume but on rather small-spread green candle.
As for me, that's enough to have a good long setup:
- There's a trigger for entry
- HLs and HHs (that's that I want to see as a long price action)
- POC - as a stop-loss level (pretty tight stop)
- a lot of room to grow up. No significant pressure until 50-55 level.
Fundamentals.
No need to present this alt. No.1 perpDEX (TVL-wise; like dYdX) which is constantly in top 5-10 projects in terms of fee generating. And it's very important to search for projects that generates positive cash-flow on a daily/weekly basis.
Entry - from current price level (around 39).
TP1 - 50 (30%)
TP2 - 55-56 (50%)
TP3 - 70 (20%).
Technical analysis.
1/ Capitulation on 17, Aug on decent volume (low - $28)
2/ Failure of printing new lows below $28. Weakness on downward movement with no significant volume resulting in failure to print new lows below $28. That's the point where one should seek for signs of reversal. But there's still no entry point.
3/ On 20, Oct we witnessed an enormous volume but on rather small-spread green candle.
As for me, that's enough to have a good long setup:
- There's a trigger for entry
- HLs and HHs (that's that I want to see as a long price action)
- POC - as a stop-loss level (pretty tight stop)
- a lot of room to grow up. No significant pressure until 50-55 level.
Fundamentals.
No need to present this alt. No.1 perpDEX (TVL-wise; like dYdX) which is constantly in top 5-10 projects in terms of fee generating. And it's very important to search for projects that generates positive cash-flow on a daily/weekly basis.
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Goes according to a plan. At least, as of now.Btw, FLOW/USDT has the same chart pattern, but could make a way higher move: x2-x5.
A lot of fundamentally strong projects ( VC-wise, product-wise....) are ready to jump on the train.
Highly likely that BTC will touch 60% level of dominance (around 38-40k) and then will go sideways, rest in consolidation or have a correction after such a strong move. And that's when altcoins can start their move.
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54.3 - fix 30%Giao dịch đang hoạt động
UPD: GMX has been integrated into Web3 Binance Wallet.Still holding the rest...
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Here we go.Still holding GMX...
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.